Millicom International Cellular S.A.
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Millicom International Cellular S.A. is a leading provider of wireless telecommunications services in emerging markets across Latin America and Africa. The company was founded in 1990 and is headquartered in Luxembourg. Millicom operates in 8 countries across Latin America and Africa, including Colombia, Bolivia, Paraguay, Tanzania, Chad, Ghana, Rwanda, and Senegal. The company's mission is to connect people to a world of possibilities and essential services, and to help them achieve their aspirations.
Millicom's core business is to provide mobile and fixed-line voice, data, and digital services to its customers. The company has over 55 million mobile customers and over 3 million fixed-line customers. Millicom's services include mobile money, which allows customers to make payments and transfer money using their mobile phones, and home broadband, which provides high-speed internet access to households.
As a responsible corporate citizen, Millicom is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its greenhouse gas emissions by 50% by 2025, compared to its 2019 baseline. Millicom is working towards this target by implementing energy efficiency measures, such as upgrading its network infrastructure and using renewable energy sources.
Millicom is also committed to using renewable energy to power its operations. The company has signed several Corporate Power Purchase Agreements (PPAs) with renewable energy providers in Latin America and Africa. These agreements allow Millicom to purchase renewable energy at a fixed price over a long-term period, which helps to reduce the company's exposure to volatile energy prices and support the growth of renewable energy in the regions where it operates.
In Colombia, Millicom has signed a PPA with a wind farm to purchase 80 GWh of renewable energy per year, which is equivalent to the energy consumption of over 20,000 households. In Paraguay, the company has signed a PPA with a solar farm to purchase 15 GWh of renewable energy per year, which is equivalent to the energy consumption of over 5,000 households. In Tanzania, Millicom has signed a PPA with a hydroelectric power plant to purchase 15 GWh of renewable energy per year, which is equivalent to the energy consumption of over 10,000 households.
Millicom is also implementing energy efficiency measures in its network infrastructure to reduce its energy consumption. The company has upgraded its network equipment to more energy-efficient models and is using software to optimise the performance of its network. Millicom is also using renewable energy sources to power its network infrastructure, such as solar panels and wind turbines.
Millicom is committed to being a responsible corporate citizen and contributing to the decarbonisation of the global economy. The company's focus on renewable energy and energy efficiency measures is not only good for the environment but also helps to reduce its operating costs and improve its financial performance. Millicom's commitment to decarbonisation is aligned with the United Nations Sustainable Development Goals and demonstrates the company's leadership in the wireless telecommunications sector.