* Sees mid to high single-digit revenue growth in 2014
* Growth ticks up in Q4
* Shares rise 6 pct
(Adds company comment, background, detail)
STOCKHOLM, Feb 11 Emerging-markets telecoms
group Millicom forecast high-end services like cable
TV and broadband would grow faster this year, after reporting
fourth-quarter core profit in line with expectations on Tuesday.
After years of expanding in Latin America and Africa,
Millicom has shifted its focus from acquiring new mobile
subscribers to selling more profitable data services to its
customers and has also diversified into online ventures like
African shopping site Jumia.
The Swedish-listed company said it expected revenue growth
to accelerate at a mid to high single-digit rate this year, at
constant exchange rates. Revenue grew on a comparable basis by
5.5 percent in 2013.
Millicom said it passed 50 million customers at the end of
the year and added 100,000 new data users each week during the
fourth quarter, meaning 20 percent of its customers now use
mobile data services.
"There are few assets in the telecom sector that are showing
clear growth currently," Danske Markets analyst Erik Pers said.
"Millicom's growth figures were clearly impressive, both on
the client additions and revenues which beat forecasts."
Millicom shares were up 5.9 percent at 673.50 crowns at 0850
Earnings before interest, tax, depreciation and amortisation
(EBITDA) rose to $465 million in the fourth quarter from $528
million a year earlier, in line with the average forecast of
$462 million in a Reuters poll of analysts.
Revenue rose to $1.37 billion compared with expectations of
$1.34 billion and $1.27 billion a year ago.
The firm last year set a target of increasing revenue to $9
billion over five years. Revenue was $5.16 billion in the whole
Link to full report: r.reuters.com/nuk76v
(Reporting by Sven Nordenstam and Olof Swahnberg; Editing by