Tigo to invest USD 150 million in Bolivia this year

Millicom CEO Mauricio Ramos recently visited Bolivia and announced that the company plans to invest USD 150 million in the country. In an interview with El Deber, the executive explained that the investments will be focused on increasing high-speed and Tigo TV connections, expanding the 4G mobile network and converting its technology system.
“In Bolivia, for example, we are going to invest around USD 150 million in networks in 2018. We still need to develop the 4G and the fiber to the home networks”. According to the executive, the company’s high-speed coaxial fiber optic network covers half a million homes passed in the country. “We believe that by the end of 2018 we can grow from 500,000 to more than 800,000. We have to build networks in more than 300,000 homes only in 2018.”
In the Bolivian mobile market, the company has 3.5 million users, of which two-thirds use mobile data. “Of those 2.5 million, only one third is in a 4G network, or 1.5 million,” Ramos explained. “In the fixed world at the end of this year we will be with 800,000 homes with high-speed broadband. In cable TV, we have between 150,000 and 200,000 subscribers. The product that really has legs for the future is high-speed broadband.”
In the interview, Ramos also said that the Tigo operation in the country represents 10% or 15% of the group’s global income, which exceeds USD 6 billion per year, and stressed that Bolivia is the nation where the strategy of the company is more advanced. “The implementation of 4G networks and the content broadband and content business with Tigo Sport is more advanced. It grows quickly because Bolivians have a great avidity for high-speed connections and want to integrate more devices in the home and have more mobile phones,” he added.