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millicom

Millicom putting $700m into Central America

Luxembourg-registered (but mostly Swedish-owned) Millicom has decided to invest $700 million (€671) into broadband and cellular projects in Honduras, Guatemala and El Salvador. Millicom has won the support of US Vice-President Kamala Harris which has endorsed other projects and which has seen $1.9 billion pledged as investments, which includes Millicom’s commitment. The White House in […]

June 13, 2022

Millicom (Tigo) reports continued strength in Q1

Millicom has announce its first quarter 2022 results. Millicom Chief Executive Officer Mauricio Ramos commented: “We are off to a strong start in 2022, with operating and financial results ahead of our plans. Our Mobile business performed particularly well, especially in Colombia, where we have added one million postpaid subscribers over the past 12 months, […]

April 28, 2022

Millicom completes Africa exit with Tanzania sale

Millicom International Cellular has completed the transaction announced on April 19th 2021 for the sale of its operation in Tanzania to a consortium led by Axian, a pan-African group. In accordance with the terms of the sale, Axian has assumed ownership of the business, including its debt and other obligations, and Millicom has received net […]

April 5, 2022

FreeMove Alliance and Millicom cooperate

FreeMove Alliance, the global mobile telecommunications alliance between Deutsche Telekom, Orange, Telia and Telecom Italia, and Millicom, a provider of fixed, mobile and digital services in Latin America serving enterprise customers through its Tigo Business brand, have signed a partnership agreement to offer seamless connectivity solutions to multinational customers (MNCs) across the Americas and beyond. […]

January 31, 2022

Tigo Business announces CCoE in collaboration with Microsoft

Tigo Business, a unit of Millicom dedicated to business customers, has announced the first Cloud Center of Excellence (CCoE) in the Central American region in collaboration with Microsoft. The new CCoE will accelerate cloud adoption across hybrid or cloud-native solutions, as well as innovation and migration efforts, lower the overall cost of digital transformation, and […]

January 20, 2022

Millicom to acquire full control of Tigo Guatemala

Millicom has signed an agreement to acquire the remaining 45 per cent equity interest in its joint venture businesses in Guatemala (collectively, ‘Tigo Guatemala’) from its local partner for $2.2 billion (€1.9bn) in cash. As a result, Millicom will own a 100 per cent equity interest in Tigo Guatemala. The transaction is expected to be […]

November 12, 2021

LaLiga Tech unveils technology solutions

LaLiga Tech, the spun-off technology division of Spain’s premier football league La Liga, has marked its official launch by revealing the range of technology solutions it can offer to the global sports and entertainment industry, while also confirming new agreements with World Padel Tour and communications specialist Millicom. LaLiga Tech combines the experience of an […]

September 30, 2021By Colin Mann

Millicom, Ericsson to modernise networks in LatAm

Millicom, a provider of fixed and mobile services operating under the TIGO brand in Latin America, has announced it will be investing $135 million over the next two to three years to upgrade its mobile network in partnership with Ericsson in three key Latin American markets: Honduras, Paraguay and Bolivia. Covid-19 has accelerated the digital […]

July 8, 2021

Millicom quits Africa

Millicom, now an independent business but formerly backed by Kinnevik and still headquartered in Luxembourg, has disposed of its African businesses and is now wholly focused on its Latin American investments. Millicom, in its statement, said that it has agreed to sell its entire operations in Tanzania to a consortium led by Axian, a Madagascar […]

April 21, 2021By Chris Forrester