Soft Customer Growth Hits Millicom’s 2Q as Acquisitions and Integration Remain in Focus
Millicom posted soft second-quarter results, with normalized group revenue growing 1.7% year over year, the slowest pace in nearly two years. Management pointed to last year’s World Cup and a large commercial contract in Colombia as the primary reasons behind the slowdown, but we also found customer growth in Colombia, Guatemala, and Bolivia--among the firm’s most important markets--somewhat disappointing. Competition also continues to weigh on Paraguay and El Salvador. Despite near-term challen...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.