What caused TIGO's EPS decline in Q2-Q4 2024?

The decline in Millicom's (TIGO) EPS from $0.45 in Q2 2024 to $0.18 in Q4 2024 can be attributed to several factors:

1. Currency Headwinds: Millicom faced currency headwinds in certain regions, such as Colombia and Paraguay, which impacted its financial performance. These currency fluctuations likely led to a decrease in revenue and profitability, contributing to the decline in EPS.
2. Competitive Pressure: The company encountered increased competitive pressure, particularly in Guatemala, where it faced challenges in maintaining its market stronghold. This intensified competition likely led to a decline in market share and revenue, further impacting EPS.
3. Strategic Initiatives: Millicom has been undergoing a period of transformation, driven by strategic focus on operational efficiency and digital inclusion. While these initiatives are positive in the long term, they may have temporarily impacted financial performance as the company invests in new technologies and streamlines operations.

In summary, TIGO's EPS decline from Q2 to Q4 2024 was likely a result of a combination of currency headwinds, competitive pressure, and strategic initiatives.