Millicom offers a range of digital services to over 50 million customers primarily under the “Tigo” brand in 15 markets in Africa and Latin America. Its online partnerships are active in 32 markets. The Millicom of today was founded in 1990 and has been instrumental in bringing mobile telephony to billions of people across the globe. Since the 1990's, the firm’s revenue has been driven mainly by mobile phone services but also offers cable, broadband, e-commerce and other media. In March 2013 the company announced a new strategy to double annual revenue to $9bn in 2017.
The company employs over 10,000 people, has corporate offices in Stockholm, London, Miami and Luxembourg, and is listed on NASDAQ OMX Stockholm under the symbol MIC_SDB. The company's Chief Executive is Hans-Holger Albrecht, who took up the role in October 2012.
It operates within such areas, as Communication, covering short message service (SMS) and voice; Information, focusing on data services; Entertainment, focusing on television, ringback tones and games; Solutions, covering the Zero Balance Products, and Mobile Financial Services (MFS), comprising domestic money transfer services. The Company operates its mobile businesses in El Salvador, Guatemala and Honduras in Central America; in Bolivia, Colombia and Paraguay in South America; in Chad, the Democratic Republic of Congo, Ghana, Mauritius, Rwanda, Senegal and Tanzania in Africa. In July 2012, its cable business in Costa Rica has been rebranded to Tigo.