Millicom, the LatAm telco, has released its Q4 2022 results. Revenue was up 10.1 per cent YoY to $1.38 billion (€1.29bn) and operating profit increased 17.2 per cent to $203 million, reflecting the Guatemala acquisition. Service revenue was up 2.3 per cent to $1.15 billion, organically fueled by broad-based growth across business lines and countries. […]
Millicom (Tigo), has announced the deployment and commissioning of two new terrestrial routes across the Bolivia and Paraguay border, connecting directly these countries for the first time and enabling a direct connection from the Atlantic to the Pacific Ocean. This marks a significant improvement in digital connectivity from South America to the rest of the […]
As a response to market speculation, the Board of Directors of Latin America multiplay operator Millicom International Cellular S.A. has confirmed that a potential acquisition of all outstanding shares in the company is being discussed with Apollo Global Management and Claure Group. “There is no certainty that a transaction will materialise nor as to the […]
Latin America multiplay operator Millicom, through its Tigo brand, is joining the Alliance for Creativity and Entertainment (ACE), noting that with piracy harming economic development and impoverishing societies, it is up to content providers and operators to unite to tackle this issue. ACE is the world’s leading coalition on the preservation of legal systems, which […]
According to an independent study conducted by Telecom Advisory Services, commissioned by Millicom (Tigo), a 10 per cent increase in mobile broadband penetration in Latin America could create more than 6.5 million jobs and increase GDP per capita by 1.7 per cent. The study The Role of the Digital Economy in the Economic Recovery of […]
Millicom has announced that its operation in Colombia (Tigo Colombia) has entered into a wholesale network access agreement with Empresa de Telecomunicaciones de Bogota (ETB). Under the terms of the agreement, Tigo Colombia will be able to offer Tigo-branded broadband internet, pay-TV, telephony and OTT services to residential and small business customers using ETB’s fibre-to-the-home […]
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 […]
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, […]
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 […]
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. […]