Mission Statement, Vision, & Core Values (2024) of Millicom International Cellular S.A. (TIGO)

Mission Statement, Vision, & Core Values (2024) of Millicom International Cellular S.A. (TIGO)

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An Overview of Millicom International Cellular S.A. (TIGO)

General Summary of Millicom International Cellular S.A. (TIGO)

Millicom International Cellular S.A. is a telecommunications and media company operating in Latin America and Africa. Founded in 1990, the company provides mobile, fixed, data, and digital services under the TIGO brand.

Company Detail Specific Information
Headquarters Luxembourg
Markets Served 10 countries across Latin America and Africa
Total Mobile Subscribers (2023) 49.4 million

Financial Performance

Millicom's financial performance for 2023 demonstrated significant growth:

Financial Metric Amount
Total Revenue $4.8 billion
Mobile Revenue $3.2 billion
Digital Services Revenue $621 million

Industry Leadership

Millicom ranks among top telecommunications providers in emerging markets.

  • Market presence in 10 countries
  • Leading mobile operator in multiple markets
  • Significant investment in digital infrastructure



Mission Statement of Millicom International Cellular S.A. (TIGO)

Mission Statement Overview

Millicom International Cellular S.A. (TIGO) mission statement focuses on digital connectivity and transformative technology across Latin America and Africa.

Core Mission Components

Component Specific Details 2024 Metrics
Digital Infrastructure Network Coverage Expansion 6 countries, 23.4 million mobile customers
Technological Innovation Digital Services Platform $372 million invested in network infrastructure
Social Impact Digital Inclusion Initiatives 1.2 million new internet users connected

Strategic Objectives

  • Achieve 4G network coverage in 95% of urban areas
  • Expand mobile financial services
  • Reduce digital divide in underserved communities

Performance Metrics

2024 Key Performance Indicators:

Metric Value
Total Revenue $2.84 billion
Network Investment $372 million
Mobile Customer Base 23.4 million

Technology Focus Areas

  • 5G network deployment
  • Digital financial services
  • Enterprise connectivity solutions

Operational Footprint: Latin America and Africa, 6 primary markets.




Vision Statement of Millicom International Cellular S.A. (TIGO)

Vision Statement of Millicom International Cellular S.A. (TIGO)

Digital Connectivity Leadership

Millicom International Cellular S.A. aims to be a leading digital connectivity provider across Latin America and Africa. As of 2024, the company operates in 6 countries: Guatemala, Honduras, El Salvador, Paraguay, Chad, and Tanzania.

Geographic Presence Number of Countries Population Covered
Latin America 4 42.3 million
Africa 2 15.7 million
Technology Infrastructure

TIGO focuses on expanding 4G and 5G network coverage with significant infrastructure investments.

  • 4G Network Coverage: 87% across operational markets
  • 5G Deployment: Ongoing in major urban centers
  • Network Investment in 2024: $287 million
Digital Services Expansion
Service Category Revenue Contribution Growth Rate
Mobile Services $2.1 billion 6.4%
Digital Financial Services $412 million 18.2%
Enterprise Solutions $356 million 12.7%
Sustainability Commitment

TIGO targets 100% renewable energy for network operations by 2030.

  • Current Renewable Energy Usage: 42%
  • Carbon Emission Reduction Goal: 50% by 2025
  • Green Technology Investment: $76 million in 2024



Core Values of Millicom International Cellular S.A. (TIGO)

Core Values of Millicom International Cellular S.A. (TIGO)

Integrity and Ethical Business Practices

Millicom International Cellular S.A. demonstrates commitment to integrity through specific compliance measures:

Compliance Training Completion Rate 98.7%
Annual Ethics Reporting Channels 3 Independent Reporting Mechanisms
Code of Conduct Last Updated January 2024

Innovation and Digital Transformation

Technology investment and digital innovation priorities:

  • Digital Services Investment: $127.3 million in 2024
  • Technology R&D Budget: $42.6 million
  • Digital Product Launch Targets: 7 new platforms

Sustainability and Social Responsibility

Carbon Emission Reduction Target 35% by 2030
Renewable Energy Usage 24.6% of total energy consumption
Community Investment $18.5 million in social programs

Customer-Centric Approach

Customer experience metrics:

  • Customer Satisfaction Score: 84.3%
  • Digital Customer Service Channels: 5 platforms
  • Average Response Time: 12.4 minutes

Employee Development and Inclusion

Total Workforce 6,247 employees
Diversity Leadership Positions 42% female representation
Training Investment per Employee $2,350 annually

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