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Posted by
Two Blokes Jun 19 -
Filed in
Stock
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Millicom has transformed into a focused, efficient Latin American telecom operator, with strong operational improvements and peer-leading profitability from 2022 to 2024. Despite modest revenue growth, operating profit and returns surged due to structural cost reductions and a shift to higher-margin services. The balance sheet remains stretched, with high leverage and volatile tax rates; disciplined reinvestment and financial repair are essential for sustained value creation.