| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | LU0038705702 |
| Aligned with SDGs |
Millicom is a provider of cable, fixed line and mobile telecom services dedicated to emerging markets in Latin America and Africa. Through its subsidiaries and joint ventures Millicom offers high-speed broadband connections to 11.5 million homes and mobile phone services to more than 55 million customers of which 15 million are 4G customers. Through Tigo Money, Tigo Cash and Tigo Peza Millicom also offers mobile financial services. Mobile phone services generate the major part of total revenues followed by cable and fixed line services and equipment sales. Millicom generates over 90% of its revenues from South and Latin America where it operates in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Colombia, Bolivia, and Paraguay. Millicom was founded in 1979 in the US. The company is listed on the Nasdaq in New York but has its headquarters in Luxemburg.
Investment rationale
Millicom provides telecommunication services in developing countries in South and Latin America and Africa. This gives over 65 million people access to modern digital communication channels. Most countries in which Millicom is active are predominantly cash-based societies. Through services like digital payments, online accounts and access to microfinance loans Millicom provides access to basic financial services to people who do not have regular bank accounts.
Through programs like Conectate Segur@, Contigo Conectados and Unicef School of Influencers Millicom has reached out to over 500,000 children to educate them about the opportunities, risks and safe use of digital technology. To close the digital gender gap and empower women Millicom runs programs in several countries to improve digital knowledge and skills of women and provide access to finance and digital markets for female entrepreneurs.
Alignment with Triodos Transitions:
46% of revenues is aligned with the Societal Transition. The contribution to the Societal Transition comes from 46% of revenues related to the impact objective Access to Finance.