Millicom subscriber base rises by 22% in Q4 2009

www.WirelessFederation.com/news: 22% rise in the subscribers base going to 33.9 million has been reported by Millicom International – a holding company that owns networks in Africa and Latin America. 10% rise in the revenues and 13% in EBITDA has also been announced.

Due to the disposal of its networks in Cambodia, Sri Lanka and Sierra Leone, the one-off gains has been US$309 million taking the net income to US$454.2 million. Capex for the year was $737 million or 22% of revenue while the growth in value-added services continued to be encouraging, and now represents over 21% of recurring revenue.

According to Mikael Grahne, CEO of Millicom, Millicom has had a good fourth quarter, and its consistent performance throughout 2009 demonstrates the strength of the business model and the ability to react quickly to changing market conditions.