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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Contents
Key Performance Indicators
| Key Performance Indicators* (‘000) | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q3 2024 vs Q3 2023 |
|---|---|---|---|---|---|---|
| Mobile customers | 41,111 | 40,641 | 40,681 | 40,665 | 40,767 | 0.8% |
| Of which postpaid subscribers | 7,820 | 7,521 | 7,344 | 7,130 | 6,938 | 12.7% |
| Mobile ARPU ($) | 6.3 | 6.4 | 6.3 | 6.2 | 6.1 | 3.5% |
| Homes passed | 13,498 | 13,453 | 13,400 | 13,348 | 13,249 | 1.9% |
| Of which HFC/FTTH | 13,276 | 13,229 | 13,169 | 13,112 | 13,005 | 2.1% |
| Customer relationships | 4,433 | 4,383 | 4,392 | 4,435 | 4,554 | (2.6)% |
| Of which HFC/FTTH | 3,934 | 3,866 | 3,855 | 3,868 | 3,947 | (0.3)% |
| HFC/FTTH revenue generating units | 8,169 | 8,153 | 8,165 | 8,191 | 8,360 | (2.3)% |
| Of which Broadband Internet | 3,706 | 3,626 | 3,602 | 3,602 | 3,663 | 1.2% |
| Home ARPU ($) | 27.1 | 28.1 | 28.3 | 28.1 | 27.6 | (1.5)% |
** KPIs exclude our joint venture in Honduras, which is not consolidated in the Group figures.*
Our mobile customer base increased by 470,000 during Q3, marking our strongest third quarter net additions since 2021. We ended the quarter with 41.1 million mobile customers, up 0.8% year-on-year. Postpaid performed exceptionally well, with net additions of 299,000. Mobile ARPU increased 3.5% year-on-year (3.9% organically), with a majority of countries experiencing positive ARPU growth in local currency terms.
At the end of Q3 2024, our fixed networks passed 13.5 million homes, an increase of 44,000 during the quarter. HFC and FTTH customer relationships increased 68,000 in Q3, marking our strongest quarter since the pandemic and reflecting the effect of network investment and commercial initiatives implemented in H1 2024 that have improved customer experience and reduced churn.
Earnings ReleaseQ3 2024
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