{"id":45300,"date":"2020-07-31T11:02:26","date_gmt":"2020-07-31T11:02:26","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=292662"},"modified":"2020-07-31T11:02:26","modified_gmt":"2020-07-31T11:02:26","slug":"millicom-swings-to-q2-loss-ceo-looks-long-term","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/07\/31\/millicom-swings-to-q2-loss-ceo-looks-long-term\/","title":{"rendered":"Millicom swings to Q2 loss, CEO looks long-term"},"content":{"rendered":"

<\/p>\n

\tMillicom CEO Mauricio Ramos (pictured) talked-up the company\u2019s long-term prospects as it pressed on with integrating recently-acquired units and measures to cut costs in the face of severe lockdowns in major Latin American markets.<\/p>\n

In its Q2 results statement, Ramos said although the Covid-19 (coronavirus) pandemic presented \u201cmany challenges in the short term\u201d he was \u201cmore confident than ever in the long term opportunity before us.\u201d<\/p>\n

The executive noted it had maintained or increased market share in its business units and continued with strategically important initiatives during the quarter.<\/p>\n

These include mobile infrastructure improvements, investments in digital customer channels to cut costs and identifying larger than anticipated efficiency savings from absorbing recent acquisitions [1].<\/p>\n

He also noted easing of lockdowns helped improve figures in June, with the majority of the pandemic’s impact in the early part of Q2.<\/p>\n

Across the operator group revenue fell 8 per cent year-on-year to $970 million, with a net loss of $115 million. This compared with a profit of $45 million in Q2 2019, though the company noted the figures were not directly comparable due to the inclusion of discontinued operations in the prior year.<\/p>\n

Declines were attributed to \u201cvery severe lockdown measures\u201d in its Latin American markets, which had a particularly strong effect on the operator group\u2019s prepaid businesses.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/millicom-moves-on-telefonica-central-america-units\/<\/p>\n\n

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Millicom CEO Mauricio Ramos (pictured) talked-up the company’s long-term prospects as it pressed on with …<\/p>\n

The post Millicom swings to Q2 loss, CEO looks long-term<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Millicom swings to Q2 loss, CEO looks long-term - ITTeacherITFreelance.hk","description":"Millicom CEO Mauricio Ramos (pictured) talked-up the company’s long-term prospects as it pressed on with ... The post Millicom swings to Q2 loss, CEO look"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45300"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=45300"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45300\/revisions"}],"predecessor-version":[{"id":45302,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/45300\/revisions\/45302"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=45300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=45300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=45300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}