Millicom Reports Third-Quarter 2026 Revenue of $2.28 Billion
Revenue rose 60.8% year on year, with 4.8% organic growth. Service revenue was $2.14 billion and adjusted EBITDA was $1.09 billion. Equity free cash flow totaled $316 million for the quarter and $867 million year to date. Millicom reaffirmed full-year 2026 EFCF guidance of approximately $1.1 billion and its below-2.5x year-end leverage target.
Millicom reported third quarter 2026 revenue of $2.28 billion, representing a 60.8% year-on-year increase and 4.8% organic growth. Service revenue for the period reached $2.14 billion, with adjusted EBITDA of $1.09 billion. The company generated $316 million in equity free cash flow (EFCF) during the quarter, bringing the year-to-date total to $867 million. Management reaffirmed its full-year 2026 EFCF guidance of approximately $1.1 billion and remains on track to achieve a year-end leverage target of below 2.5x.
The company continues to prioritize network investment, operational efficiency, and sustainable cash flow generation.