Millicom hits 10M mobile money users

Emerging market operator Millicom reached ten million customers for its mobile financial services, although the milestone only translated into $31 million revenue, according to its Q2 2015 results. However, CEO Mauricio Ramos (pictured) talked up mobile money’s wider role within …

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Currency movements mar Millicom’s Digital Lifestyle

Including unkind currency fluctuations, Millicom’s organic revenue fell by 1.3 per cent in Q2, although recently appointed CEO Mauricio Ramos was upbeat about the group’s direction. Headline revenue growth was 18 per cent to $1.7 billion, but excluding Colombian cable …

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Millicom to buy Zanzibar player from Etisalat

Emerging markets operator Millicom is to buy an 85 per cent stake in Zanzibar Telecom (Zantel) from Etisalat, describing it as “a natural fit for Millicom’s strategy”. Zantel is being bought for $1, with Millicom assuming debt obligations of $74 million. …

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Deep customer understanding key to mobile money success – Millicom chief

LIVE FROM MOBILE 360 LATIN AMERICA: “A real, deep understanding” of customer needs is crucial for the success of mobile money services, rather than attempting to use a template to deploy the same solutions across different markets, Greg Reeve, COO …

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Millicom sees bumper growth from mobile money

Millicom, the emerging markets operator with an eye on new segments including mobile money, saw a satisfying jump of nearly ten per cent in underlying revenue in the first quarter of 2015. The group’s organic revenue was $1.44 billion, an …

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Millicom claims first universal money service in Africa

Millicom said that customers of its Tigo Pesa service in Tanzania will be the first in Africa able to transact with customers of all the country’s other money services, following an agreement with Vodacom for M-Pesa. Millicom and rivals Airtel …

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Ericsson, Millicom partner on Tigo Cash for West Africa

Ericsson has announced its Wallet Platform has been deployed by Millicom-owned Tigo Senegal to offer financial services to customers across West Africa. Tigo Cash mobile services allow subscribers to make payments, store, transfer and withdraw money using a mobile device, even if the user doesn’t have access to traditional banking services. According to Tigo, the […]

Millicom brings LTE to Bolivia

Developing markets operator Millicom, which operates under the Tigo brand in Bolivia, said that it has launched a 4G LTE offering in the country, delivering high speed internet at up to 100Mbps.

Millicom appoints Ghana and LatAm TV services heads

Operator group Millicom has announced the appointment of a general manager for its Tigo subsidiary in Ghana as well as a VP for TV services in Latin America.