MILLICOM INTERNATIONAL CELLULAR SA
For the period ended May 12, 2026. Filed May 14, 2026.
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May 12, 2026 · Filed May 14, 2026
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Key Performance Indicators
The mobile business ended Q1 with 57.3 million customers, up 37.8% year-on-year reflecting net additions of 8.0 million during the quarter, with postpaid additions of 5.6 million customers primarily as a result of the inclusion of Coltel's operations with the addition of 8.8 million mobile customers, and 5.4 million postpaid customers. Mobile ARPU increased 13.4% year-on-year. Excluding inorganic growth net additions would have increased 827,000 customers with postpaid customers growing 1.0 million for the year, supported by our ongoing efforts to drive pre-to-postpaid migration.
At the end of Q1 2026, Millicom fixed networks passed 21.9 million homes, an increase of 8.3 million for the year. HFC and FTTH customer relationships increased 1.7 million in Q1 26 over Q1 25. HFC/FTTH revenue-generating units ("RGU") increased by 3.0 million year-on-year. These trends were mainly driven by the consolidation of Coltel. Excluding this inorganic growth HFC/ FTTH RGUs would have declined by 80,000 for the year due to a reduction in fixed telephony connections. This decline was partially offset by an increase of 201,000 broadband internet connections.
| Key Performance Indicators* (‘000) | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q1 2026 vs Q1 2025 |
|---|---|---|---|---|---|---|
| Mobile customers | 57,335 | 49,311 | 42,158 | 41,764 | 41,616 | 37.8% |
| Of which postpaid subscribers | 16,543 | 10,919 | 8,896 | 8,603 | 8,356 | 98.0% |
| Mobile ARPU ($) | 6.7 | 6.8 | 6.2 | 6.0 | 6.0 | 13.4% |
| Homes passed | 21,853 | 13,762 | 13,708 | 13,615 | 13,553 | 61.2% |
| Of which HFC/FTTH | 21,632 | 13,541 | 13,487 | 13,394 | 13,332 | 62.3% |
| Customer relationships | 6,141 | 4,604 | 4,576 | 4,533 | 4,508 | 36.2% |
| Of which HFC/FTTH | 5,732 | 4,186 | 4,146 | 4,086 | 4,045 | 41.7% |
| HFC/FTTH revenue generating units | 11,082 | 8,003 | 8,014 | 8,011 | 8,067 | 37.4% |
| Of which Broadband Internet | 5,553 | 4,009 | 3,968 | 3,900 | 3,852 | 44.1% |
| Home ARPU ($) | 26.1 | 25.3 | 24.6 | 24.0 | 24.8 | 5.2% |
** KPIs exclude our joint venture in Honduras, which is not consolidated in the Group figures. ARPU calculation excludes Coltel. During the two-month consolidation period, Coltel’s Mobile and Home ARPU were $6.5 and $26.2, respectively.*
Earnings Release Q1 2026
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