GlobeNewswire

Millicom (TIGO) 2020 Annual Report highlights market resiliency & commitment to purpose

Share

Millicom (TIGO) 2020 Annual Report highlights market resiliency & commitment to purpose

Luxembourg, March 12, 2021Millicom, a leading provider of cable and mobile services operating under the TIGO brand in Latin America and Africa, has published its integrated 2020 Annual Report under the title “Connected with Purpose”.

Following an unprecedented year navigating the challenges presented by the COVID-19 global pandemic, the 2020 Annual Report highlights Millicom’s threefold commitment: Commitment to safety across teams, communities, and customers; Commitment to protecting and maintaining market leadership and cash flow; and Commitment to digital connectivity across regions, having introduced a minimum lifeline broadband product at the start of the pandemic to keep all customers and communities connected.

“Beyond the financial results that Millicom achieved, I believe our greatest successes in 2020 stemmed from putting people first when the COVID-19 pandemic hit,” commented Millicom CEO Mauricio Ramos. “The events of this past year further validated our intrinsic purpose and strategic vision. We stayed true to the values that have fueled our success for three decades and positioned ourselves to continue leading digital adoption across our markets.”

2020 brought about a new era for Millicom as the company celebrated 30 years of pioneering the digital landscape, looking ahead to a strong future of digital development across Latin America and Africa. The company maneuvered all Corporate Responsibility efforts virtually to account for region-wide digital acceleration, successfully training 137,000+ teachers through its Maestr@s Conectad@s program, connecting 2,100+ schools through Conectate Segur@, and educating 91,340+ women via digital inclusion and training programs through Conectadas.  

Additionally, TIGO was recognized for the third year among the Top 25 Best Multinational Workplaces in Latin America, across all industries, obtaining the 13th place in the 2020 Great Place to Work (GPTW) ranking.

Other highlights of the report include:

  • The Millicom group added 2.3 million mobile customers to reach nearly 55 million on an underlying basis, a new record.
  • $1.5 billion of underlying operating cash flow
  • Tigo Business reached 300,000+ customers internationally
  • The Millicom group employed 21,000+ full-time employees and 20,000 part-time contractors

Millicom continues to showcase commitment to building the digital highways that connect people, improve lives, and develop communities, advancing economic prosperity in the markets it serves for the years to come.

The integrated 2020 Annual Report can be viewed or downloaded from the Millicom website.

Millicom also published the following reports:


Inquiries should be sent to investors@millicom.com.
Courtesy photo.

-END-

For further information, please contact:

Press:
Vivian Kobeh, Corporate Communications Director
+1 786-628-5300
press@millicom.com
Investors:
Michel Morin, VP Investor Relations
+1 786-628-5270
investors@millicom.com

Sarah Inmon, Investor Relations Manager
+1 786-628-5303
investors@millicom.com

About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

Attachment


About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

REPURCHASE OF SHARES15.4.2021 18:30:00 CEST | Press release

REPURCHASE OF SHARES Amsterdam, the Netherlands - Flow Traders N.V. (“Flow Traders”) (Euronext: FLOW) has successfully completed its share buyback programme. Flow Traders purchased 8,903 of its own shares on 15 April 2021 at an average price of €37.22 in accordance with the share buyback programme announced on 12 February 2021. These repurchases were made in order to satisfy the requirements of various employee incentive plans. The consideration of this purchase was €0.3 million. The total number of shares purchased under this programme is 725,577 shares at an average price of €34.45 for a total consideration of €25.0 million. 2,285,243 shares were held in treasury as at 15 April 2021. Contact Details Flow Traders N.V. Jonathan Berger / Investor Relations Officer Phone: +31 20 7996799 Email: investor.relations@flowtraders.com About Flow Traders Flow Traders is a leading global financial technology-enabled liquidity provider in financial products, historically specialized in Exchange Tr

Stolt-Nielsen Elects Janet Ashdown to Board of Directors15.4.2021 18:12:30 CEST | Press release

LONDON, April 15, 2021 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Janet Ashdown has been appointed to the Board of Directors of Stolt-Nielsen Limited. "Ms. Ashdown’s extensive industry experience, has given her good exposure to some of Stolt-Nielsen’s key markets. I am confident that she will bring constructive challenge and strategic insights to the Board," said CEO Niels G. Stolt-Nielsen. The Board of Directors of SNL received approval at the Company's Annual General Meeting held today to fill the vacancy. With the addition of Ms. Janet Ashdown, the Stolt-Nielsen Board now has eight members, five of which are independent. Ms. Ashdown is a highly-experienced Director and has served on the boards of four FTSE 250 companies across a broad range of industrial sectors. She joined BP plc in 1980, and during her 30 year career there had excellent exposure to some of Stolt-Nielsen’s key markets. In her last role with BP she was responsible for a £20bn network of fuel outle

Virbac: very strong growth in revenue in the first quarter of 2021 at +22.6% at comparable exchange rates and scope (+12.3% at constant rates), driven by very solid performance in all areas15.4.2021 17:45:00 CEST | Press release

KEY FIGURESRevenue 1st quarter 2021 €266.5 millionGrowth at constant exchange rates and scope 1 +22.6% of which companion animals +25.1% food-producing animals +19.2%Growth at constant exchange rates +12.3% Total growth +7.6% +17.5%excl. Sentinel 1 Growth at constant exchange rates and scope is the organic growth of sales, excluding the impact of exchange rate changes, by calculating the indicator for the financial year in question and that for the previous financial year on the basis of identical exchange rates (the exchange rate used is that in effect for the previous financial year), and excluding the impact of changes in scope, by calculating the indicator for the financial year in question on the basis of the scope of consolidation for the previous financial year, and by excluding sales of Sentinel for the two financial years in question. Quarterly consolidated revenue Our revenue in the first quarter amounted to €266.5 million, with a substantial increase of +17.5% excluding Sent

NetJets Shares First Biannual Global Sustainability Program Progress Update15.4.2021 16:09:19 CEST | Press release

The World's Largest Private Aviation Company Furthers Its Commitment to Sustainable Aviation COLUMBUS, Ohio, April 15, 2021 (GLOBE NEWSWIRE) -- NetJets, the leader in private aviation with more than 760 aircraft worldwide, today releases its first biannual update following the launch of its expanded Global Sustainability Program in October 2020. Since the program announcement, NetJets has taken its commitment to sustainability a step further, acquiring a stake in WasteFuel®, a next generation waste-to-fuel business that transforms landfill waste into sustainable aviation fuel (SAF). NetJets will also purchase 100 million gallons of SAF over the next decade. This represents one of the largest SAF offtakes in the aviation industry and by far the largest in private aviation. In addition to sustainable fuel, NetJets’ initiative focuses on consumer and corporate carbon offsetting. This includes offsetting NetJets’ administrative and training flights, as well as its two corporate offices in

Rovio Entertainment's new team-based RPG Darkfire Heroes releases worldwide today on iOS and Android15.4.2021 15:00:00 CEST | Press release

Rovio’s new team-based RPG Darkfire Heroes releases worldwide today on iOS and Android Espoo, Finland – 15 April 2021 – Build a powerful party of heroes and embark on an adventure for the ages in Rovio Entertainment’s newest game, Darkfire Heroes. The game is available to download for free now worldwide on the App Store and Google Play after a successful soft launch period in select regions. Darkfire Heroes is a strategic team-based RPG set in a rich fantasy world. Players must assemble a powerful team of heroes to take on hordes of baddies. There is a collection of over 60 heroes at launch, each with their own unique style, abilities, and attacks. Choose the right heroes to take into battle, outfit them with powerful gear, and unleash powerful spells against enemies. There’s a substantial campaign for those looking for a single-player experience, but also a PvP arena for players that crave a bit of competition. A new IP in Rovio’s game portfolio, Darkfire Heroes is the first release f

Mid-Hudson Co-Operative Insurance Company Selects Verisk’s Sequel to Deploy Integrated Underwriting and Claims Solutions Following Migration to ISO Electronic Rating Content15.4.2021 14:00:00 CEST | Press release

JERSEY CITY, N.J., April 15, 2021 (GLOBE NEWSWIRE) -- Mid-Hudson Co-Operative Insurance Company (MHC) has selected Verisk’s Sequel to provide underwriting and claims solutions to underpin migration to ISO Electronic Rating Content™ (ERC) for rating support. New York-based MHC is a member of the National Association of Mutual Insurance Companies and provides personal, commercial and farm insurance via New York state agency Statewide Underwriting Services. Verisk’s ISO ERC solution helps insurers stay current and implement the necessary updates ISO makes to its advisory loss costs, rules and forms for a range of insurance classes and reduces the time and effort required to analyze regular ISO updates, eliminating tedious work and quickening ratings workflows. Eddie Harper President and CEO of Statewide Underwriting Services said of the agreement, “We were impressed by both the Sequel technology and expertise and the fact that Sequel is a Verisk solution was an important component in our

COVIS PHARMA GROUP Announces Top-line Safety and Efficacy Data from a Phase 3 Placebo-Controlled COVID-19 Study Using Inhaled Corticosteroid (ciclesonide)15.4.2021 13:00:00 CEST | Press release

ZUG, Switzerland, April 15, 2021 (GLOBE NEWSWIRE) -- Covis Pharma Group (the “Company”), a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses, announced today top-line results from a 400 patient phase 3, multicenter, randomized, double-blind, placebo-controlled study to assess the safety and efficacy of ciclesonide metered-dose inhaler in non-hospitalized patients 12 years of age and older with symptomatic COVID-19 infection. The primary endpoint of the study was time to alleviation of COVID-19-related symptoms of cough, dyspnea, chills, feeling feverish, repeated shaking with chills, muscle pain, headache, sore throat, and new loss of taste or smell, defined as symptom-free for a continuous period of ≥ 24 hours by Day 30. A sub-group analysis showed that time to alleviation of cough was the most improved symptom in the ciclesonide arm compared to the placebo arm by 6 days in 75% of the populati