Vivo's 2024 Annual Report Highlights Digital Transformation in Brazilian Telecommunications

Millicom's Tigo Releases 2024 Annual Report, Marking a Year of Transformation in Latin America's Telecommunications Industry

April 8, 2025 - Luxembourg - Millicom, a leading telecommunications company, announced the release of its 2024 annual report, highlighting a year of significant transformation and growth in Latin America's telecommunications industry.

The report showcases Tigo's commitment to innovation and customer-centricity, with a focus on expanding its digital services and improving network quality. Key highlights from the report include:

• A 15% increase in revenue, driven by strong growth in data services and the expansion of Tigo's digital offerings.
• A 20% increase in customer base, with a focus on attracting and retaining customers through innovative products and services.
• A significant investment in network modernization, resulting in improved coverage and quality for customers.
• The launch of new digital services, including mobile financial services and digital entertainment platforms, which have been well-received by customers.

"We are proud of the progress we have made in 2024, and we are excited about the opportunities that lie ahead," said Raymund Oberli, CEO of Millicom. "Our commitment to innovation and customer-centricity has enabled us to stay ahead of the curve in a rapidly changing market. We look forward to continuing to drive growth and transformation in the years to come."

The release of the annual report marks a significant milestone for Tigo, as it continues to solidify its position as a leading telecommunications player in Latin America. The company's focus on digital transformation and customer satisfaction has enabled it to stay ahead of the competition, and its commitment to innovation has positioned it for continued growth and success.

The full annual report is available on Millicom's website.