MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
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Nov 7, 2024 · Filed Nov 7, 2024
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Appendix
On August 28, 2023, Millicom designated Tigo-UNE, Colombia Móvil S.A. E.S.P., Edatel S.A. E.S.P., Orbitel Servicios Internacionales S.A.S., Cinco Telecom Corp., Inversiones Telco S.A.S. and Emtelco S.A.S. (collectively, the “Colombia Unrestricted Subsidiaries”), which are the entities constituting its Colombian operations as “Unrestricted Subsidiaries” under the 4.500% Notes, the 6.625% Notes, the 5.125% Notes, the 6.250% Notes, the SEK Bond, COP Bond and several of its financing agreements.
The following supplemental consolidating financial information presents selected statement of income and statement of financial position information of Millicom and its Restricted Subsidiaries (as defined under its outstanding credit instruments) separately from such information for Millicom’s Unrestricted Subsidiaries.
| Statement of income $ millions | Millicom Group (A) | Colombia Unrestricted Subsidiaries (B) | Intercompany Eliminations (C) | Millicom Restricted Group (A)-(B) net of (C) |
|---|---|---|---|---|
| Revenue | 4,376 | 1,053 | — | 3,324 |
| Equipment, programming and other direct costs | (1,076) | (273) | (3) | (806) |
| Operating expenses | (1,449) | (376) | 3 | (1,070) |
| Depreciation | (696) | (179) | — | (517) |
| Amortization | (241) | (53) | — | (188) |
| Share of profit in Honduras joint venture | 39 | — | — | 39 |
| Other operating income (expenses), net | 16 | 17 | — | (1) |
| Operating profit | 968 | 188 | 1 | 781 |
| Net financial expenses | (510) | (185) | 10 | (316) |
| Other non-operating (expenses) income, net | (26) | (4) | — | (22) |
| Profit (loss) from other joint ventures and associates, net | — | — | — | — |
| Profit (loss) before taxes from continuing operations | 432 | (1) | 11 | 444 |
| Tax expense | (214) | (6) | — | (208) |
| Profit (loss) from continuing operations | 218 | (8) | 11 | 236 |
| Profit (loss) from discontinued operations, net of tax | — | — | — | — |
| Net profit (loss) for the period | 217 | (8) | 11 | 236 |
Unaudited Interim Condensed Consolidated Financial Statements for the three and nine-month periods ended September 30, 2024
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