Company Description
Millicom International Cellular provides prepaid cellphone services in 13 markets throughout Latin America and Africa. Millicom operates in some very intriguing countries, such as Chad, Rwanda, Tanzania, Bolivia, and Paraguay.
The company also operates cable and broadband businesses in five Central American countries, which accounts for approximately 6% of total revenues. It has a market cap of $10.9 billion and is headquartered in Luxembourg.
Strong Customer Growth
Total revenue increased 14% from the second quarter of 2009. Total mobile customers increased 19% year-over-year to 36.7 million. The breakdown of total customers by market is as follows:
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