MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Nov 5, 2026. Filed Nov 5, 2026.
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Nov 5, 2026 · Filed Nov 5, 2026
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Key Performance Indicators
The mobile business ended Q3 2026 with 55.8 million customers, up 32.5% year-on-year representing an increase of 13.7 million customers. This growth was primarily driven by the inclusion of Coltel and our operations in Ecuador and Uruguay. Coltel alone contributed 8.3 million mobile customers, including 5.5 million postpaid subscribers. Postpaid net additions totaled 8.3 million customers during the year. Mobile ARPU increased 19.0% year-on-year. Excluding the impact of M&A, the postpaid customer base increased by 0.9 million customers year-on-year, supported by our continued focus on executing our pre-to-postpaid migration strategy.
At the end of Q3 2026, Millicom's fixed networks passed 22.8 million homes, up 9.1 million year-over-year. HFC and FTTH customer relationships increased 1.4 million while HFC/FTTH revenue-generating units ("RGU") grew by 2.4 million. These trends were mainly driven by the consolidation of our newly acquired operations. Excluding M&A, HFC/ FTTH RGUs would have declined by 434,000 for the year due to a reduction in fixed telephony connections.
Earnings Release Q3 2026
| Key Performance Indicators* (‘000) | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2026 vs Q3 2025 |
|---|---|---|---|---|---|---|
| Mobile customers | 55,845 | 55,779 | 57,335 | 49,311 | 42,158 | 32.5% |
| Of which postpaid subscribers | 17,194 | 16,805 | 16,543 | 10,919 | 8,896 | 93.3% |
| Mobile ARPU ($) | 7.4 | 7.1 | 6.7 | 6.8 | 6.2 | 19.0% |
| Homes passed | 22,792 | 22,057 | 21,853 | 13,762 | 13,708 | 66.3% |
| Of which HFC/FTTH | 22,571 | 21,836 | 21,632 | 13,541 | 13,487 | 67.4% |
| Customer relationships | 5,966 | 6,066 | 6,141 | 4,604 | 4,576 | 30.4% |
| Of which HFC/FTTH | 5,568 | 5,653 | 5,732 | 4,186 | 4,146 | 34.3% |
| HFC/FTTH revenue generating units | 10,430 | 10,829 | 11,082 | 8,003 | 8,014 | 30.1% |
| Of which Broadband Internet | 5,360 | 5,460 | 5,553 | 4,009 | 3,968 | 35.1% |
| Home ARPU ($) | 27.7 | 26.9 | 26.1 | 25.3 | 24.6 | 12.7% |
** KPIs exclude our joint venture in Honduras, which is not consolidated in the Group figures. ARPU calculation excludes Coltel. During the three-month consolidation period, Coltel’s Mobile and Home ARPU were $8.4 and $31.0, respectively.*
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