Millicom

Millicom is an international telecommunications and media company. It offers a range of digital services to more than 60 million customers primarily under the Tigo brand in fourteen markets in Africa and Hispanic America. Its online partnerships are active in more than 40 markets. Millicom was founded in 1990. Since the 1990s, the firm's revenue has been driven mainly by mobile phone services but also offers cable, satellite, broadband, e-commerce and other media.

In March 2013 the company announced a new strategy to double annual revenue to $9 billion in 2017. In 2014 its revenue reached $6.39 billion and it forecast this to grow to over $7 billion in 2015. Millicom employs 16,000 people, has corporate offices in Stockholm, London, Miami and Luxembourg, and is listed on NASDAQ OMX Stockholm under the symbol MIC_SDB.

In March 2015 it was announced that Mauricio Ramos, formerly of Liberty Global, would become the company's new Chief Executive from 1 April 2015.

History

Millicom originated as a company set up by Jan Stenbeck to operate voice and data distribution networks via cellular radio. In Raleigh-Durham, North Carolina. it received one of three of the first cellular development licenses awarded by the FCC.