developing-telecoms.blogspot.com - 14 April 2009
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Why Africa?
"...Africa remains Millicom's fastest growing region and an increasing proportion of total Group capex has been invested in the region in 2008 and we expect that this will continue in 2009. The slightly lower growth in new subscribers, 611 thousand in Q4, reflects the more challenging economic conditions across Africa, but we expect to continue to achieve high growth in Africa as, with around 160 million people under license, Africa represents 55% of Millicom's potential market and with the penetration still low in all our markets, there is potential for high growth for many years to come."
Millicom 4Q 2008 Financial Report
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