The US-based service provider Millicom has come out with the financial results for the first quarter of 2013.

For the quarter under review, the operator has posted revenue of $1.25 billion. The company’s revenue for the first quarter of 2013 from mobile money services, surpassed $500 million.

For the first quarter of 2013, Millicom added 780, 000 new users and for the quarter under review, the operator added 236,994 and 44,206 customers in Central America and South America, respectively. However, the operator lost 105,770 customers in Africa.

Going forward, for the full year, Millicom is targeting earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin of over 40 per cent, excluding revenues from its online division. The operator is expecting its online division to generate revenue of over $100 million and register EBITDA losses of $125-200 million. Millicom is expecting its capex to peak at 20 per cent of its revenue. This would exclude costs occurred on spectrum acquisition. Further, the operator’s capex will be driven by continuous investments to expand its 3G capacity and service roll-outs in Africa.