Millicom International Cellular, whose headquarters are in Luxembourg City, has experienced accelerated growth during the second quarter of 2018.

During this period, the telecommunications company witnessed revenue growth in Luxembourg and Latin America as well as a growth in mobile recovery. Indeed, home revenue growth increased from 7.6% in the first quarter to 12.6% in the second, whilst Latin American service revenue growth accelerated to 5.5% from 3.9%. The company now expects growth near the top end of its full year 2018 outlook range of 2-4%.

Likewise, mobile recovery continued, with growth of 2.1%, up from 0.9% in the first quarter, and a record number of homes have bee connected - raising full year 2018 guidance to 400k from 300k net additions.

Finally, robust cash flow with equity free cash flow increased to 32.6% in the second quarter of this year and the company is preparing for an additional listing on a US Stock Exchange next year.