Emerging markets telecoms group Millicom (MICC.O) (MICsdb.ST) said profit margins would be flat to lower in 2011 after posting fourth quarter profits in line with forecasts. Shares in the Latin America and Africa-focused firm fell sharply. They were down 4.5 percent at 593.50 crowns by 1352 GMT, having been around 1.5 percent higher prior to the results. "The guidance for 2011 is perceived as slightly disappointing," said one analyst who declined to be identified.
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