Millicom International Cellular, S.A. (
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.
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.