What is Millicom's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Millicom year over year?

What does Millicom do and what are its main business segments?

What guidance did Millicom's management provide for the next earnings period?

What is the market's earnings forecast for Millicom next quarter?

What were the key takeaways from Millicom's earnings call?

Did Millicom beat or miss consensus estimates last quarter?

What were the key takeaways from Millicom’s earnings call?

- **Revenue and profitability**: Organic service revenue up 3.5% YoY, EBITDA margin 48.9% (record high), equity-free cash flow $638 million (18.1% YoY growth).
- **Strategic expansion**: Uruguay and Ecuador acquisitions add $736 million in annual revenue, enhancing scale and stability.
- **Legal challenges**: $118 million DOJ provision; Costa Rica merger appeal highlights regulatory uncertainty.
- **Market momentum**: Colombia, Guatemala, Panama lead with postpaid growth (14%, 20%, 15% YoY) and EBITDA margin expansion.
- **Financial discipline**: Leverage 2.09x (target <2.5x), 50% debt in local currency, $700 million CapEx focused on efficiency.

**【CEO Summary Section】**
- **Strong Q3 performance**: Service revenue grew 3.5% YoY, driven by mobile and home segments. Adjusted EBITDA reached $695 million (48.9% margin), with equity-free cash flow of $243 million.
- **Strategic acquisitions**: Completed Uruguay and Ecuador deals, broadening footprint to 11 countries. Uruguay adds $246 million in annual revenue, Ecuador $490 million.
- **Legal updates**: Recorded $118 million DOJ provision; filed appeal against Costa Rica merger rejection, emphasizing benefits for competition and digital progress.
- **Market momentum**: Colombia service revenue up 6.5% YoY, Guatemala postpaid growth 20%, Panama EBITDA margin 52.2%.

**【CFO Financial Commentary】**
- **Financial highlights**: Service revenue $1.34 billion (0.5% YoY decline due to FX impacts), organic growth 3.5% YoY. Adjusted EBITDA up 23.8% YoY to $695 million, equity-free cash flow $638 million (18.1% YoY growth).
- **Leverage management**: Net leverage 2.09x (2.33x pro forma), targeting below 2.5x. Raised $200 million in local currency debt in Uruguay, 50% of debt now local-currency denominated.
- **Cash flow allocation**: $125 million dividend paid; CapEx maintained at $700 million, focusing on granularity and network efficiency.

**【Q&A Key Highlights】**
- **Ecuador and Uruguay integration**: Uruguay focuses on ARPU expansion, Ecuador on network investment (5G spectrum). Both expected to contribute to margin expansion via efficiency programs.
- **DOJ resolution**: Provision reflects current expectations; awaiting further details.
- **Costa Rica appeal**: Emphasize transaction benefits for competition and digital development; plan to refocus on organic growth if merger fails.
- **Colombia margin potential**: Organic growth and efficiency initiatives drove 17.3% YoY EBITDA growth; 50%+ margin achievable with continued execution.
- **Spectrum and competition**: Paraguay 5G spectrum acquisition underway; Guatemala defends share through channel strength and network investment.


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