5 of 10
5. Millicom International Cellular
Millicom International Cellular
Fastest-growing rank: 14
Ticker: MICC

This Luxembourg-based cell phone service provider focuses on Third World regions, where its low-cost Tigo brand has about 34 million subscribers. Millicom gets the bulk of its revenue from Latin America, where it has long-established networks.

But analysts now expect African countries to drive its growth. In recent years Millicom has started to offer service in Rwanda, Tanzania and other less-developed markets. To offer low-priced service and quickly recoup its capital investments, Millicom only builds networks in highly populated areas. Many investors expect more growth as only about 50% of potential customers have cell phones in markets where Millicom operates.

NEXT: Open Text

Last updated August 18 2009: 9:36 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Even amid the worst economic slump since the Great Depression, some companies just keep growing. More
Locked in an epic battle with Apple's iPhone, Research in Motion has still grown bigger and more dominant than ever. But the competition is about to get tougher. More
With more than $3 trillion in assets, Larry Fink and his team at BlackRock are the world's largest money managers. And Fink thinks he's just getting going. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.