Tag Archives: Millicom

Telefonica resumes its plans to sell its Costa Rican operations

After, in early May, Millicom refused itself to acquire Telefonica’s operations in Costa Rica (where it is known as Movistar), in an agreement valued at USD 570 million and ran in February 2019, the Spanish press reported that Telefonica began an asset analysis process in Costa Rica (known as ‘Due Diligence’) to make all the [...]

Millicom cancels Telefonica’s operations acquisition agreement in Costa Rica

Millicom officially reported last May 2nd its decision to cancel Telefonicas operations acquisition agreement in Costa Rica, valued at USD 570 million and reached on February 20th, 2019. The company justified its determination supporting that, according to the agreement ran with Telefonica, in case of finding pending issues on the required regulatory conditions, as of [...]

Telefonica to sue Millicom for not acquiring its operations in Costa Rica

Telefonica announced that it will file a lawsuit against Millicom International Cellular (which operates in Latin America under the Tigo brand). According to the Spanish company, the decision is due to the fact that Tigo left the agreement to acquire its share capital in Costa Rica unfinished. This was confirmed in Madrid, in a document [...]

CuriosityStream expands in Latin America through a partnership with Millicom

CuriosityStream, has announced a distribution partnership with Millicom -which operates in Latin America under the Tigo brand-, to bring its programming to over one million subscribers in Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Paraguay. CuriosityStream is currently available to subscribers of Millicoms linear service in Colombia and Costa Rica, with [...]

Millicom ends 2019 with 3.5 million cable customers

On its Q4 2019 results report, Millicom -which operates in Latin America under the Tigo brand-, reports to have added 63 thousand HFC customers in the period and 351 thousand  during the year, to reach 3.5 million at the year-end. In addition, the company informed that, in its residential cable business, it expanded its HFC [...]

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 [...]