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Millicom International Cellular boosted by 11 percent revenue increase for Amnet

Thursday, February 10, 2011

Millicom International Cellular reported a drop in profit for the fourth quarter, reflecting the absence of gains from discontinued operations included in results for the year-ago period.

The Luxembourg-based telecommunications company with operations in Africa, Central America and South America, reported a revenue growth of 10 percent for the quarter, with South America improving the most.

For Amnet, the cable and fixed broadband business in Central America, revenue grew 11 percent in local currency. Cable operations as a whole grew by 7 percent.

Original source: RTT News