Mobile Services was Millicom International Cellular’s largest revenue line in fiscal 2025, bringing in $3.29B of $5.82B (56%).
| Products and services [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Mobile Services | $2.96B | $2.99B | $3.16B | $3.29B | ||||||
| Mobile | — | — | — | — | ||||||
| Fixed & Other Services | $2.15B | $2.19B | $2.18B | $2.07B | ||||||
| Cable & Other Fixed Services | — | — | — | — | ||||||
| Telephone & Equipment | $454.00M | $411.00M | $387.00M | $367.00M | ||||||
| Telephone & Equipment And Other | — | — | — | — | ||||||
| Other | $69.00M | $65.00M | $84.00M | $98.00M | ||||||
| Other Services | — | — | — | — | ||||||
| Guatemala & Honduras | — | — | — | — | ||||||
| Total | $5.62B | $5.66B | $5.80B | $5.82B |
Millicom International Cellular brought in $5.82B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $5.80B in fiscal 2024. Mobile Services was the largest at $3.29B (56.5%), ahead of Fixed & Other Services at $2.07B (35.5%) and Telephone & Equipment at $367.00M (6.3%). The remaining revenue line, Other, brought in $98.00M.
Compared with fiscal 2024, Mobile Services grew fastest, up 4.1% to $3.29B, while Telephone & Equipment fell the most, down 5.2% to $367.00M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $5.62B to $5.82B, a compound annual growth rate of 1.1%. Mobile Services' share of the total rose from 52.6% to 56.5%.
Reportable Segments was Millicom International Cellular’s largest segment in fiscal 2025, bringing in $5.40B of $5.82B (93%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Reportable Segments | $4.75B | $4.78B | $4.92B | $5.40B | ||||
| Latin America | — | — | — | — | ||||
| Other Segments | $861.00M | $902.00M | $914.00M | $1.07B | ||||
| Africa | — | — | — | — | ||||
| Elimination Of Intersegment Amounts | — | — | — | -$648.00M | ||||
| Guatemala & Honduras | — | — | — | — | ||||
| Total | $5.61B | $5.68B | $5.83B | $5.82B |
Millicom International Cellular brought in $5.82B from its three segments in fiscal 2025, the year ended December 31, 2025. Millicom International Cellular regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $5.83B. Reportable Segments was the largest at $5.40B (92.8%), ahead of Other Segments at $1.07B (18.3%).
Compared with fiscal 2024, Other Segments grew 16.6% to $1.07B and Reportable Segments grew 9.9% to $5.40B.
Millicom International Cellular began breaking out Elimination Of Intersegment Amounts in fiscal 2025, when it brought in -$648.00M. The total is net of Elimination Of Intersegment Amounts, which took $648.00M off revenue in fiscal 2025.
Over Time was Millicom International Cellular’s largest revenue line in fiscal 2025, bringing in $5.43B of $5.82B (93%).
| Timing Of Transfer Of Goods Or Services | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Over Time | $5.13B | $5.21B | $5.38B | $5.43B | ||||
| Point In Time | $494.00M | $455.00M | $426.00M | $393.00M | ||||
| Total | $5.62B | $5.66B | $5.80B | $5.82B |
Millicom International Cellular brought in $5.82B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $5.80B in fiscal 2024. Over Time was the largest at $5.43B (93.2%), ahead of Point In Time at $393.00M (6.8%).
Compared with fiscal 2024, Over Time grew 0.9% to $5.43B, while Point In Time fell 7.7% to $393.00M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $5.62B to $5.82B, a compound annual growth rate of 1.1%. Over Time's share of the total rose from 91.2% to 93.2%.
Millicom International Cellular (TIGO) reports its revenue by products and services [axis], by segments [axis] and by timing of transfer of goods or services. In fiscal 2025, Mobile Services was its largest revenue line, bringing in $3.29B (56.5% of the total), followed by Fixed & Other Services at $2.07B (35.5%).
Mobile Services was Millicom International Cellular's largest revenue line in fiscal 2025, bringing in $3.29B, or 56.5% of the $5.82B total across its four revenue lines.
Reportable Segments was Millicom International Cellular's largest segment in fiscal 2025, bringing in $5.40B, or 92.8% of the $5.82B total across its three segments.
Among Millicom International Cellular's revenue lines that make up at least 2% of revenue, Mobile Services grew fastest in fiscal 2025, up 4.1% from $3.16B to $3.29B.
Every figure comes from Millicom International Cellular's annual financial filings, as reported. Each line keeps the name Millicom International Cellular gives it, and years follow its fiscal calendar.
Millicom International Cellular's revenue by products and services [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.