This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs