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February 11, 2010 – Comments (0) | RELATED TICKERS: MICC.DL , AMX

I always love Millicom International Cellular's (MICC) conference calls because they include interesting color on some very frontier markets. Yesterday's call, for example, included not just a statement on the progress they're making in arbitration with the Senegalese government after they asked the company for a $200mm bribe, but also this nugget about why America Movil (AMX) may have looked stronger in Q4 in Central America than Millicom did:

In terms of Central America, America Mobile was quite weak in Q3 when we were still strong. And it could simply be that it's also there the mix of businesses are slightly different. We are, for example, very strong in Honduras. That went through a very difficult political upheaval with resulting decline in the living standard and ability to purchase our services. So we think it could be a mix issue why they look slightly stronger in the Q4 compared to us.

Oh yeah, that whole coup thing.

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