Millicom International Cellular Reports Record Adjusted EBITDA and Strong Organic Growth in Q3 2026
Millicom International Cellular (TIGO) reported strong third-quarter 2026 results, highlighted by a record adjusted EBITDA of $1.1 billion, representing an organic increase of 7.7%. Service revenue reached $2.1 billion, driven by a 5.4% organic growth rate across Latin American markets. A key driver was the successful migration of customers from prepaid to postpaid plans, which expanded the postpaid customer base to 17.2 million. The company demonstrated significant operational efficiency and cash generation, with equity free cash flow increasing 27% year-over-year to $316 million for the quarter. While growth was robust in Colombia and Guatemala, management noted several headwinds, including a $10 million impact from an earthquake in Colombia and high double-digit million dollar expenses related to settling litigations in Guatemala.
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Topics: Adjusted EBITDA Latin American Markets Postpaid Customer Growth Service Revenue