MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Aug 8, 2025. Filed Aug 8, 2025.
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Aug 8, 2025 · Filed Aug 8, 2025
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Key Performance Indicators
The mobile business ended Q2 with 41.8 million customers, up 2.8% year-on-year and reflecting net additions of 148,000 during the period. Postpaid continued to perform exceptionally well, with net additions of 247,000. Mobile ARPU declined 5.8% year-on-year due to weaker foreign exchange rates, whilst ARPU is growing in local currency.
At the end of Q2 2025, Millicom fixed networks passed 13.6 million homes, an increase of 63,000. HFC and FTTH customer relationships increased 41,000 in Q2, marking more than a year with positive net additions. HFC/FTTH revenue-generating units declined in Q2, mainly due to a reduction in fixed telephony connections, however broadband internet connections increased by 47,000.
| Key Performance Indicators* (‘000) | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q2 2025 vs Q2 2024 |
|---|---|---|---|---|---|---|
| Mobile customers | 41,764 | 41,616 | 41,527 | 41,111 | 40,641 | 2.8% |
| Of which postpaid subscribers | 8,603 | 8,356 | 8,094 | 7,820 | 7,521 | 14.4% |
| Mobile ARPU ($) | 6.0 | 6.0 | 6.3 | 6.3 | 6.4 | (5.8)% |
| Homes passed | 13,615 | 13,553 | 13,539 | 13,498 | 13,453 | 1.2% |
| Of which HFC/FTTH | 13,394 | 13,332 | 13,318 | 13,276 | 13,229 | 1.3% |
| Customer relationships | 4,533 | 4,508 | 4,461 | 4,433 | 4,383 | 3.4% |
| Of which HFC/FTTH | 4,086 | 4,045 | 3,983 | 3,934 | 3,866 | 5.7% |
| HFC/FTTH revenue generating units | 8,011 | 8,067 | 8,134 | 8,169 | 8,153 | (1.7)% |
| Of which Broadband Internet | 3,900 | 3,852 | 3,786 | 3,706 | 3,626 | 7.6% |
| Home ARPU ($) | 24.0 | 24.8 | 26.4 | 27.1 | 28.1 | (14.5)% |
** KPIs exclude our joint venture in Honduras, which is not consolidated in the Group figures.*
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