Tag Archives: Millicom

El Salvador to examine third America Movil request to buy Telefonica

After two applications to buy Telefonica in El Salvador declared inadmissible, the Salvadoran Competition Superintendence (SC) decided to accept a third America Movil request and will begin the technical, economic and legal review of the transaction, to determine if it would limit competition in some way. In a 90 business day period, the agency will [...]

America Movil submitts a third request to acquire Telefonica El Salvador

America Movil -through its subsidiary Claro- requested the Salvadoran Competition Superintendence (SC) the authorization to acquire Telefonica (Movistar) in that country. The company sent the third request for the merger to the Salvadoran organization last September 19th, after the institution declared the second request inadmissible due to the lack of documentation required to authorize the [...]

Millicom strengthens its operations in Central America and expands its HFC network

In its Q3 2019 results report presentation, Millicom (Tigo) highlighted its growth in Central America and the acquisitions of Telefonica in Nicaragua and Panama, which increased the companys revenues by 10.8%, and the growth of its HFC clients in Latin America.  The third quarter of 2019 marked several important milestones for Millicom. First, we strengthened [...]

Sutel approves Millicom-Telefonica merger in Costa Rica

The Costa Rican Telecommunications Superintendence (Sutel), responsible for regulating the telecommunications market in Costa Rica, approved the merger request presented by Millicom Cable Costa Rica S.A. and Telefonica de Costa Rica S.A. in an official statement.  The operation was approved by Sutel because, according to the regulator, there is no evidence of potential anti-competitive effects [...]

Telefonica sells its Panamanian operations to Cable Onda

Once the relevant regulatory approvals have been obtained, Telefonica Centroamerica Inversiones S.L. announced it has sold the entire Telefonica Moviles Panama S.A. shares capital to Cable Onda S.A., Millicom International Cellulars subsidiary, for USD 594 million.  According to what the company officially reported, after closing this operation, Telefonica has completed the sale of three of [...]

Telefonica Costa Rica and Tigo’s merger is in economic analysis phase

The authorization request for Telefonica Costa Rica and Millicoms merger -which operates in Latin America under the Tigo brand- made a two-steps more advance in the process, which is still being developed at the Telecommunications Superintendence (Sutel). According to the entity, the request has already finished the admissibility phase and the economic analysis was started. [...]

Tigo adds Amazon Prime Video’s catalog in Paraguay

The Millicom company – whose operations in Latin America are made under the Tigo brand – added the Amazon Prime Videos catalog to postpaid Paraguayan customers. It is the sixth country to which the OTT enters, which is already available in Bolivia, Colombia, Costa Rica, El Salvador and Guatemala. The offer includes more than 4 [...]

Tigo reaches more than one million homes in Bolivia

The telecommunications company Millicom -which operates in Latin America under the Tigo brand-, is now available in more than one million households in Bolivia. According to the company, that was possible because of the company’s investment to develop a coaxial fiber optic network in the country. The investment of the company is estimated at USD [...]

Amazon Prime Video’s catalog joins Tigo in Costa Rica

The company Millicom -branded as Tigo in Latin America-, announced that it will include Amazon Prime Videos series, films and documentaries catalog in Costa Rican  content offering. As detailed by the company, customers will be able to have Prime Videos content for free during the first three months. After that period, they will have a [...]

Millicom finishes its Telefonica’s acquisition in Nicaragua

Millicom announced that it has completed the acquisition of Telefónica Nicaragua mobile operations, the first of the three subsidiaries of the Spanish company that it bought last February together with the Panamanian and Costa Rican ones. The transaction was valued at USD 437 million With the acquisition, Tigo is adding about 4 million customers to [...]