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Consolidated statement of cash flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Profit before taxes from continuing operations $ 1,665 $ 552 $ 175
Profit before taxes from discontinued operations 0 (3) 4
Profit before taxes 1,665 549 179
Adjustments to reconcile to net cash:      
Interest expense on leases 182 122 117
Interest expense on debt and other financing 519 594 595
Interest and other financial income (28) (46) (28)
Adjustments for non-cash items:      
Depreciation and amortization 1,280 1,234 1,338
Share of profit in joint ventures (102) (54) (42)
Gain on disposal and impairment of assets, net (68) (54) (10)
Sale of Lati Operations (741) 0 0
Share-based compensation 14 50 52
Loss from other associates and joint ventures, net (1) 0 3
Other non-operating (income) expenses, net 43 119 (36)
Changes in working capital:      
Decrease (increase) in trade receivables, prepayments and other current assets, net (228) 36 (245)
Decrease (increase) in inventories (17) 0 11
Increase (decrease) in trade and other payables, net 89 (92) 47
Changes in contract assets, liabilities and costs, net 18 (42) 65
Total changes in working capital (137) (97) (123)
Interest paid on leases (176) (120) (115)
Interest paid on debt and other financing (409) (499) (505)
Interest received 27 43 31
Taxes paid (335) (239) (233)
Net cash provided by operating activities 1,734 1,603 1,223
Cash flows from investing activities:      
Acquisition of subsidiaries, joint ventures and associates, net of cash acquired (545) 0 0
Net proceeds from the disposal of subsidiaries and associates 781 5 0
Purchase of spectrum and licenses (73) (135) (236)
Purchase of other intangible assets (91) (94) (133)
Purchase of property, plant and equipment (650) (540) (814)
Proceeds from sale of property, plant and equipment 84 58 17
Dividends and dividend advances received from joint ventures and associates 99 66 63
Settlement of derivative financial instruments 0 9 (26)
Transfer (to) / from pledge deposits, net 0 5 (6)
Loans granted within the Tigo Money lending activity, net (1) (2) (4)
Cash (used in) provided by other investing activities, net 22 25 24
Net cash provided by (used in) investing activities (374) (604) (1,116)
Cash flows from financing activities (including discontinued operations):      
Proceeds from debt and other financing 1,199 604 362
Repayment of debt and other financing (599) (1,366) (632)
Lease capital repayment (209) (204) (177)
Capital injection in subsidiary (Non-controlling interests' portion) 0 0 74
Advances and dividends paid to non-controlling interests (2) 0 0
Share repurchase program (119) (99) (5)
Dividends paid to owners of the Company (754) 0 0
Net cash from (used in) financing activities (485) (1,066) (377)
Exchange impact on cash and cash equivalents, net (14) (8) 6
Net increase (decrease) in cash and cash equivalents 861 (76) (264)
Cash and cash equivalents at the beginning of the year 699 775 1,039
Effect of cash disposal of Lati Operations (8) 0 0
Cash and cash equivalents at the end of the year $ 1,552 $ 699 $ 775