| Business Summary | | Millicom
International
Cellular
S.A.
(MIC)
is
a
global
investor
in
the
telecommunications
sector,
with
valuable
investments
in
cellular
telephone
service
operations,
primarily
in
emerging
markets.
The
Company's
cellular
telephone
services
in
emerging
markets
remain
core
to
its
business,
with
operations
in
Asia,
Latin
America,
Russia
and
Africa.
MIC
currently
has
interests
in
31
operations
in
19
countries,
covering
a
population
under
license
of
approximately
475
million.
The
introduction
of
new
value-added
services,
in
particular
broadband
communications
and
Internet
service
provision,
provides
MIC
with
further
valuable
sources
of
revenue
growth
and
supports
the
Company's
policy
of
creating
new
initiatives
to
enhance
shareholder
value.
The
Company's
operations
include
Sanbao
Telecom
(Sanbao),
MIC
Latin
America,
FORA
Telecom,
MIC
Africa,
MIC
Systems,
and
other
interests. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MICC
develops
and
operates
cellular
telephone
services
worldwide
with
operations
in
Latin
America,
Asia,
Europe
and
Africa.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$343.7
million.
Net
loss
totalled
$205.2
million,
up
from
$69.2
million.
Revenues
benefitted
from
an
increase
in
gross
cellular
worldwide
subscribers.
Higher
loss
reflects
the
inclusion
of
a
$143.1
million
loss
on
value
of
investments
and
an
increase
in
interest
expense. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Jan Stenbeck, 57 | Chairman | Marc Beuls, 43 | Pres,
Chief Exec. Officers | E. Hakan Ledin, 62 | Vice
Chairman | David Worcester | CFO | Gustavo Prilick | COO
and Pres and Chief Exec. Officer of MIC Latin America |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|