Millicom International Cellular SA (MLCMF) revenue by segment
MLCMFOTCRadiotelephone CommunicationsFiscal year ends December 31Also trades as TIGO
$30.00+0.00 (0.00%)
Close on Oct 19, 2026Market cap $13.37BP/E 10.1Yield –
Millicom International Cellular SA revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other segments | $1.07B | $914.00M | $902.00M | $861.00M | $827.00M | – | – | – | – | – | 18.3% | +16.6% |
| Group Segment | – | – | – | $6.20B | $6.22B | $5.84B | – | – | – | – | – | – |
| Africa | – | – | – | – | $357.00M | $366.00M | $382.00M | $399.00M | $386.00M | $565.00M | – | – |
| Latin America | – | – | – | – | $4.26B | $3.81B | $3.95B | $5.49B | $5.44B | $5.35B | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Segment | – | – | – | $1.00B | $983.00M | $763.00M | – | – | – | – | – |
| Africa | – | – | – | – | $29.00M | $36.00M | $19.00M | $21.00M | $28.00M | $43.00M | – |
| Latin America | – | – | – | – | $1.00B | $803.00M | $980.00M | $990.00M | $899.00M | $721.00M | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service revenue | $5.45B | $5.42B | $5.25B | $5.17B | $4.00B | $3.60B | $4.13B | $3.73B | $3.74B | $3.82B | 93.7% | +0.6% |
| Telephone and equipment | $367.00M | $387.00M | $411.00M | $454.00M | $263.00M | $201.00M | $206.00M | $212.00M | $199.00M | $223.00M | 6.3% | -5.2% |
| Cable and other fixed services | – | – | – | $2.15B | $1.94B | $1.79B | $1.93B | $1.57B | $1.55B | $1.44B | – | – |
| Mobile Services | – | – | – | $2.96B | $2.00B | $1.76B | $2.15B | $2.13B | $2.15B | $2.34B | – | – |
| Other | – | – | – | $69.00M | $60.00M | $51.00M | $51.00M | $43.00M | $38.00M | $39.00M | – | – |
| Total revenue | – | – | – | $5.62B | $4.26B | $3.81B | $4.34B | $3.95B | $3.94B | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bolivia | – | – | – | $621.00M | $623.00M | $584.00M | $639.00M | $614.00M | $555.00M | $542.00M | – | – |
| Colombia | – | – | – | $1.34B | $1.41B | $1.35B | $1.53B | $1.66B | $1.74B | $1.72B | – | – |
| Costa Rica | – | – | – | $137.00M | $141.00M | $140.00M | $153.00M | $155.00M | $153.00M | $152.00M | – | – |
| Panama | – | – | – | $650.00M | $632.00M | $585.00M | $475.00M | $17.00M | $0 | $0 | – | – |
| Paraguay | – | – | – | $556.00M | $555.00M | $544.00M | $610.00M | $679.00M | $662.00M | $623.00M | – | – |
| El Salvador | – | – | – | $474.00M | $445.00M | $389.00M | $386.00M | $405.00M | $422.00M | $425.00M | – | – |
| Other operations | – | – | – | $2.00M | $2.00M | $3.00M | $4.00M | $6.00M | $7.00M | $71.00M | – | – |
| Nicaragua | – | – | – | $247.00M | $238.00M | $220.00M | $157.00M | $13.00M | $13.00M | – | – | – |
| Guatemala | – | – | – | $1.61B | $223.00M | $0 | $0 | – | – | – | – | – |
| Tanzania | – | – | – | – | $357.00M | $366.00M | $382.00M | $399.00M | $384.00M | $347.00M | – | – |
| Chad | – | – | – | – | – | – | – | $128.00M | $140.00M | $166.00M | – | – |
From the segment and revenue-disaggregation notes of Millicom International Cellular's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.
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