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The Swedish telecoms giant led growth in Latin America this quarter and in 2013.

Swedish multinational Millicom, the company behind telecom-provider Tigo, and several cable and internet companies is the growth leader in our latest Multinational Index. The index measures 25 companies in the region in diverse industries, identifying growth trends in the region.

Millicom saw fourth quarter revenues up 6.3 percent, the leader for the quarter. Annual profits were also up 7.6 percent – the second highest among the companies in our index, only behind Groupe Casino. Millicom has seen increased activity in its main markets – Central America, Bolivia, Colombia, and Paraguay, and is increasingly exploring new activities such as cable and e-commerce. Groupe Casino saw its revenues grow as a result of acquisitions in the region, largely in Brazil.

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