Business Services Industry
Millicom tops 10 million subs.(ACROSS THE REGION)(Brief article)
Latin America Telecom, July, 2006
Millicom International Cellular S.A. ("Millicom"), one of the world's leading cellular operators in emerging markets, announced that it added over 1.4 million subscribers on a pro forma basis through organic growth across its operations in the second quarter of 2006, bringing the total for the Group to 10,903,277 as at June 30, 2006. These subscriber additions represent growth of 15 percent in total subscribers from the previous quarter and growth of 62 percent from the second quarter of 2005, on a pro forma basis.
Marc Beuls, Millicom president and chief executive officer, said, "With subscriber acquisition growth of nearly 15 percent in Q2, following strong growth in Q1, we have demonstrated the effect of our increased investment in the rapidly growing...
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