Millicom International Cellular S.A. (NASDAQ:TIGO) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET
Company Participants
Mauricio Ramos - CEO
Sheldon Bruha - CFO
Maxime Lombardini - President and COO
Conference Call Participants
Oscar Ronnkvist - ABG
Phani Kanumuri - HSBC
Marcelo Santos - JPMorgan
Stefan Gauffin - DNB Markets
Eduardo Nieto - JPMorgan
Fredrik Lithell - Handelsbanken
Operator
Hello, everyone. Thanks for taking the time to connect to our Third Quarter 2023 Results Conference Call. This event is being recorded.
Our speakers today will be our CEO, Mauricio Ramos; and our CFO, Sheldon Bruha; and our President and COO, Maxime Lombardini. And following their prepared remarks, we will have a Q&A session.
By now, you should have received a copy of our earnings release, which is available on our website, along with the slides that we will be referencing during today's presentation. Now if you please turn to Slide 2, you can see our Safe Harbor disclosure.
We will be making forward-looking statements, which involve risks and uncertainties and could have a material impact on our results. We will also be referring to many non-IFRS metrics throughout this presentation. And we define these metrics on Slide 3, where you can also find reconciliation tables in the back of our earnings release and on our website.
With those disclaimers out of the way, let me turn the call over to our CEO, Mauricio Ramos.
Mauricio Ramos
Good morning, and good afternoon, everyone. Thank you for joining us today. As usual, I will go over the highlights of the quarter and Sheldon will discuss the financials. And finally, Maxime, our new President and COO will say a few words before we take your questions.
Let's start on Slide 5 with a recap of our four key priorities for 2023 and our progress to-date. We'll go into more detail on each of these points in the next several slides. But here are the key highlights. First, the beginning of the year, we set out to dramatically improve the profitability of our operation in Colombia. By simplifying the business by bringing increased discipline on capital allocation, and around pricing for our services.
You can see the results of these efforts starting to pay off in this third quarter. Our quarter in Colombia had very strongly EBITDA and OCF growth. And we're not done yet. We have now agreed with our partner to inject additional equity capital into the business in Colombia. So, we can focus now on executing on the rest of the plan, which includes continued mobile growth, further cost discipline and as you know, some much needed in organic solution.