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Millicom International Cellular CEO Discusses Q1 2011 Results - Earnings Call Transcript

Millicom International Cellular, S.A. ( MICC)

Q1 2011 Earnings Conference Call

April 19, 2011 8:00 AM EST


Mikael Grahne – President and CEO

François-Xavier Roger – CFO


Cesar Tiron – Morgan Stanley

Ric Prentiss – Raymond James

Lena Osterberg – Carnegie

Sven Skold – Swedbank

Kevin Roe – Roe Equity

Bill Miller – JM Hartwell

Andreas Joelsson – SEB

Thomas Heath – Öhman Equities

Peter Nielsen – Cheuvreux

James Rivett – Citi

Luigi Minerva – HSBC

Justine Dimovic – EXANE

Jan Dworsky – Handelsbanken

Stefan Gauffin – Nordea

Martin Mabbutt – Nomura



Good day, ladies and gentlemen, and welcome to the Millicom’s Q1 2011 results conference call.

For your information, this conference is being recorded. May I also remind you that this call is being audio streamed over the web and is accessible at together with a presentation summarizing the key features of the results.

I would now like to hand you over to the host of today’s conference, Mr. Mikael Grahne, President and CEO; and François-Xavier Roger, CFO. Please go ahead, sir.

Mikael Grahne

Thank you, operator, and welcome to you all. As usual you can find the slides for this call on our website.

Please go to slide number three. In Q1, we recorded a growth of 12.7% in local currency. The highest growth rate achieved since the beginning of 2008. We are particularly pleased to see double-digit growth for Latin America as a whole and a 5% growth in Central America, which confirms our value creation strategy and its effective implementation in our markets.

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