Millicom International Cellular S.A. (NASDAQ:TIGO) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET
Company Participants
Mauricio Ramos – President, CEO & Executive Director
Sheldon Bruha – Chief Financial Officer
Michel Morin – Vice President, IR
Conference Call Participants
Marcelo Santos – JPMorgan
Soomit Datta – New Street Research
Vitor Tomita – Goldman Sachs
Andres Coello – Scotia Bank
Michel Morin
Hello everyone, and welcome to our First Quarter 2022 Results Conference Call. Before we begin, please take a moment to review the safe harbor disclosure on Slide 2 of the presentation, which is available on our website along with the earnings release. During the presentation we will be referencing non-IFRS measures and we define these on Slide 3 and we provide reconciliation tables to the nearest IFRS metric in the earnings release and on our website. Finally, I would like to point out that the KPIs and income statement data in today's presentation exclude Honduras because the country is not in our IFRS perimeter. And we now include Guatemala, which we fully consolidate since acquiring 100% last November. And in addition, after closing the sale of our Africa business earlier this month of April, we have moved it to discontinue the operations and have represented the historicals to remove Africa. I will now turn the call over to our CEO, Mauricio Ramos, for his prepared remarks.
Mauricio Ramos
Thank you, Michel. Good morning and good afternoon, everyone. Thank you for joining us today to discuss our first quarter results. We started the year on a very, very strong note, operating and financial results are ahead of our plans. We also continue to make meaningful progress on our purpose driven commitment to build digital highways that connect people, develop communities and improve lives in the countries where we operate. The short video that you just showed was a strong testimony to that.
A few weeks ago we flipped the switch to connect the Cuna -nave communities in Panama, which have never had access to mobile data before. I was also in Honduras a couple of weeks ago to review progress on the build of new sites that would bring data connectivity for the first time ever to over 100,000 individuals. All of these also makes our brand even closer to the communities we operate in, purpose and brand working together. Now, let's go over the key highlights of the quarter, starting on Slide 5. First, we continue to sustain very strong customer growth across all our lines of businesses and in all our countries. Second, we continue to convert that customer growth into very strong service revenue growth of 4.6%.