Millicom revenue Latin America 2022

In 2022, the revenue of Millicom International Cellular SA in Latin America exceeded 5.6 billion U.S. dollars. Millicom operates in Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Paraguay. In 2022, Millicom completed its exit from the African market, focusing solely on Latin America.

Revenue generated by Millicom International Cellular in Latin America from 2016 to 2022 (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
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Release date

February 2023

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Region

LAC

Survey time period

2016 to 2022

Supplementary notes

* 2019 figures include the impact of acquisitions: 8 months of Telefonía Celular de Nicaragua, S.A. and 4 months of Telefónica Móviles Panamá, S.A., each acquired in 2019.

** 2021 figures include the fully consolidated statement of financial position of our operations in Guatemala following the acquisition of the remaining 45% shareholding on November 12, 2021.

*** .As a result of the sale of the Tanzania business and its reclassification as discontinued operations in 2022, Millicom now only operates in a single region, Latin America

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