Millicom provides affordable, widely accessible and readily available prepaid cellular telephony services to more than 30 million customers in 13 emerging markets in Latin America and Africa where the basic telephone service is often inadequate and where economic development and rising personal income levels are creating increasing demand for communication services.
Millicom's proven prepaid, mass market distribution and perceived price leadership strategy have enabled it to continue to pursue high growth while delivering operating profitability.
Millicom's shares are listed on the on Stockholmsbörsen under the symbol MIC.
Social Benefits of Mobile Communication
By operating in emerging markets, Millicom is in an exceptional position to empower people with its services and to positively influence economic development. The premise of Millicom’s business strategy is to make mobile communications and other mobility related services as affordable, accessible and available as possible to consumers in its markets.
Millicom has expanded its services beyond mobile access to providing mobile financial solutions, which in many cases represent the first access to any form of financial service for our customers. Mobile finance is replacing current unreliable and risky “manual” methods of transferring and saving money. Millicom is also involved in providing further financial services, such as insurance and microfinance. Supporting local entrepreneurship will play a central role in our charitable activities going forward.
Research helps us understanding how the services we provide can affect some specific groups. In 2011, Tigo Paraguay took part in a study by the GSM Association into children’s use of mobile phones. The aims of the study were to understand how children use mobile phones, the role technology plays in child-parent relationships and how their use influences children’s social attitudes. Some of the findings fed into a campaign to promote responsible use of mobile phones by children and youths in Paraguay. Tigo Ghana participated in a study by the Cherie Blair Foundation for Women on how women entrepreneurs in emerging markets benefit from mobile communications
