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Millicom International Cellular (FRA:M4M) Allowance For Loans And Lease Losses


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What is Millicom International Cellular Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Millicom International Cellular Business Description

Address
2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 120 million people, serving 41 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to sell the majority of its wireless towers to SBA Communications for $975 million.