Q4 revenue was $1.68bn and showed organic growth of 4.4% (with LatAm growing 2.8% and Africa by 13.4%). The LatAm performance was particularly affected by the decline of handset sales in Colombia however organic service revenue grew by 5.9%. Currency headwinds continued to be strong, in particular from the Colombian peso and Paraguayan guarani, reducing revenue by 14.7% (or $274m). Note that we had already anticipated such a negative impact and that 2015 revenues stood at $6.73bn vs $6.71bn i
10 Feb 2016
It would be perfect if there were no worries about currencies
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It would be perfect if there were no worries about currencies
- Published:
10 Feb 2016 -
Author:
Jean-Michel Salvador -
Pages:
3
Q4 revenue was $1.68bn and showed organic growth of 4.4% (with LatAm growing 2.8% and Africa by 13.4%). The LatAm performance was particularly affected by the decline of handset sales in Colombia however organic service revenue grew by 5.9%. Currency headwinds continued to be strong, in particular from the Colombian peso and Paraguayan guarani, reducing revenue by 14.7% (or $274m). Note that we had already anticipated such a negative impact and that 2015 revenues stood at $6.73bn vs $6.71bn i