Millicom (TIGO) 2021 Annual Report highlights commitment to connectivity and all that it empowers

Rhea-AI Summary

Millicom (TIGO) has released its 2021 Annual Report, emphasizing its dedication to connectivity in emerging markets, particularly in Latin America. The report highlights a 10.7% revenue increase to $4.6 billion and substantial customer growth, adding 3.1 million mobile and 415,000 HFC home customers. CEO Mauricio Ramos noted the company's resilience and improved ESG framework, including commitments to reduce greenhouse gas emissions. Additionally, 112,737 teachers and 158,881 women were trained through digital inclusion programs.

Positive

• Revenue increased by 10.7% to $4.6 billion.
• Gained 3.1 million mobile customers.
• Added 415,000 HFC home customers.
• Achieved highest scores in Great Place to Work® survey.
• 112,737 teachers trained through its digital program.

Negative

• None.

Millicom (TIGO) 2021 Annual Report highlights commitment to connectivity and all that it empowers

Luxembourg, March 2, 2022 – Millicom, a leading provider of fixed and mobile services dedicated to emerging markets primarily in Latin America, has published its integrated 2021 Annual Report under the title “Committed to Connectivity”.

The 2021 Annual Report highlights Millicom’s exceptional performance and clear business focus through continued investments to bring connectivity to the communities it serves.

“If there’s one message I hope our employees, investors and other stakeholders take away this year, it’s this: We deserve to be proud. After a 2020 that tested our resilience in ways we never could have anticipated, Millicom performed exceptionally well in 2021,” commented Millicom CEO Mauricio Ramos. “Perhaps most importantly, we demonstrated we have the fortitude, capabilities, strategies, teams and culture to emerge from a crisis stronger than we’ve ever been. And we did it while remaining laser-focused on our purpose, which is to build the digital highways that connect people, improve lives and develop our communities.”

2021 brought about a new era for Millicom as the company introduced its new Environmental, Social and Governance (ESG) framework, which represents a new way of communicating its longstanding corporate responsibility commitments and accomplishments. The significant progress Millicom has made in its new ESG agenda in 2021 includes committing to new Science-Based Targets to reduce its greenhouse gas ("GHG") emissions in the coming years and joining Race to Zero, the UN backed campaign aimed at promoting a healthy, resilient, zero carbon recovery.

Throughout the report, the company attributes much of its success to the spirit of Sangre Tigo, an inclusive corporate culture that attracts talented people, values their diversity, inspires them to excel, and rewards their accomplishments. In 2021 Millicom and Tigo operations received the highest-ever scores in the annual Great Place to Work® survey.

Additionally, Millicom signed an alliance with Fundación Real Madrid, which, over the next 5 years, will increase digital access and literacy among vulnerable children by bringing together the two things that children in Latin America love most: fútbol and the internet.

Other performance highlights of the report include:

• The Millicom Group added 3.1 million mobile customers and 415,000 HFC home customers in the past year
• Revenue increased 10.7% to $4.6 billion¹
• 112,737 teachers trained through its digital program Maestr@s Conectad@s
• 158,881 women participated in Millicom’s digital inclusion and training programs ("Conectadas")
• Tigo Business reached 345,000 customers internationally
• The Millicom Group employed 20,687 full-time employees and approximately 12,000 contractors

Millicom continues to showcase its 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 2021 Annual Report can be viewed or downloaded from the Millicom website.

Millicom also published the following reports:

• Form 20-F Annual Report for the year ending December 31, 2021
• 2021 Millicom International Cellular S.A. standalone financial statements
• 2021 Sustainability Accounting Standards Board (SASB) Index
• 2021 Law Enforcement Disclosure Report
• 2022 Corporate Governance Report
  
  

Inquiries should be sent to investors@millicom.com.

Courtesy Photo 1 | Courtesy Photo 2

¹ Financial results are presented on an IFRS basis and therefore do not consolidate the results from our Honduras joint venture. The results for our Guatemala subsidiary, are consolidated as from November 12, 2021.

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For further information, please contact:

Press: Vivian Kobeh, Director Corporate Communications +1 786-628-5300 press@millicom.com   Yocasta Valdez, Group Manager Digital Media & Communications +1-305-929-5417 press@millicom.com

Investors: Michel Morin, VP Investor Relations +1 786-628-5270 investors@millicom.com   Sarah Inmon, Director Investor Relations +1 786-628-5303 investors@millicom.com

About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services dedicated to emerging markets in Latin America and Africa. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2021, Millicom employed approximately 21,000 people and provided mobile services through its digital highways to around 58 million customers, with a fiber-cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn.

 

Attachments

• PR_ Millicom (TIGO) 2021 Annual Report highlights commitment to connectivity and all that it empowers_030222
• PR_ SPANISH_ El Reporte Anual 2021 de Millicom (TIGO) destaca su compromiso con la conectividad y todo lo que ésta proporciona_030222

FAQ

What were the key highlights of Millicom's 2021 Annual Report?

Millicom's 2021 Annual Report highlighted a 10.7% revenue increase to $4.6 billion, adding 3.1 million mobile customers and 415,000 HFC home customers.

What is the revenue performance of Millicom in 2021?

In 2021, Millicom reported revenue of $4.6 billion, marking a 10.7% increase compared to the previous year.

How many customers did Millicom acquire in 2021?

Millicom added 3.1 million new mobile customers and 415,000 HFC home customers in 2021.

What initiatives did Millicom undertake for digital inclusion in 2021?

Millicom trained 112,737 teachers and 158,881 women through its digital inclusion and training programs in 2021.

What commitments did Millicom make regarding environmental sustainability?

Millicom committed to Science-Based Targets for reducing greenhouse gas emissions and joined the Race to Zero campaign.