MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Mar 3, 2025. Filed Mar 3, 2025.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Mar 3, 2025 · Filed Mar 3, 2025
Use the contents to explore the available documents and sections.
Contents
Key Performance Indicators
| Key Performance Indicators* (‘000) | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q4 2024 vs Q4 2023 |
|---|---|---|---|---|---|---|
| Mobile customers | 41,527 | 41,111 | 40,641 | 40,681 | 40,665 | 2.1% |
| Of which postpaid subscribers | 8,094 | 7,820 | 7,521 | 7,344 | 7,130 | 13.5% |
| Mobile ARPU ($) | 6.3 | 6.3 | 6.4 | 6.3 | 6.2 | 1.0% |
| Homes passed | 13,539 | 13,498 | 13,453 | 13,400 | 13,348 | 1.4% |
| Of which HFC/FTTH | 13,318 | 13,276 | 13,229 | 13,169 | 13,112 | 1.6% |
| Customer relationships | 4,461 | 4,433 | 4,383 | 4,392 | 4,435 | 0.6% |
| Of which HFC/FTTH | 3,983 | 3,934 | 3,866 | 3,855 | 3,868 | 3.0% |
| HFC/FTTH revenue generating units | 8,134 | 8,169 | 8,153 | 8,165 | 8,191 | (0.7)% |
| Of which Broadband Internet | 3,786 | 3,706 | 3,626 | 3,602 | 3,602 | 5.1% |
| Home ARPU ($) | 26.4 | 27.1 | 28.1 | 28.3 | 28.1 | (6.2)% |
** KPIs exclude our joint venture in Honduras, which is not consolidated in the Group figures.*
Our mobile business ended Q4 with 41.5 million customers, up 2.1% year-on-year and reflecting net additions of 416,000 during the period. Postpaid continued to perform exceptionally well, with net additions of 274,000. Mobile ARPU increased 1.0% year-on-year (2.9% organically), with a majority of countries experiencing positive ARPU growth in local currency terms, driven by nominal price increases applied to most plans, as well as the ARPU uplift from ongoing efforts to migrate select customers from prepaid to postpaid.
At the end of Q4 2024, our fixed networks passed 13.5 million homes, an increase of 42,000 during the quarter. HFC and FTTH customer relationships increased 49,000 in Q4, marking a third consecutive quarter of positive net additions. Revenue generating units declined during Q4 and over the past year, reflecting our commercial strategy to emphasize fixed-mobile convergence, in lieu of fixed telephony services, which contribute little to revenue and profitability.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.