Tigo
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Globe Teleservices has formed a strategic alliance with Honora Tanzania (Tigo Tanzania), a mobile network operator in Tanzania, which is part of the Axian Telecom group. -
Millicom has closed the previously announced transaction to acquire the remaining 20% interest in Telecomunicaciones Digitales, S.A. (Cable Onda or Tigo Panama).
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An intervention by US vice president Kamala Harris had led to Millicom’s decision to invest US$700 million improving its mobile and broadband networks in Guatemala, Honduras and El Salvador.
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As reporting season continues, Indosat Ooredoo, KPN, STC, Milicom and T-Mobile have reported their latest quarterly results – with some players taking the chance to also report on thier ESG progress.
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Millicom has teamed up with the FreeMove Alliance – a global group comprising Deutsche Telekom, Orange, Telia and Telecom Italia – to deliver connectivity solutions to multinationals across the Americas and beyond.
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Millicom chief financial officer (CFO) Tim Pennington will retire from the role on 1st April and will be succeeded by Sheldon Bruha.
Forthcoming events
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Millicom is to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala (Tigo Guatemala) for $2.2 billion in cash.
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Millicom has pledged $250 million for the 2021-2022 period to support its modernisation and expansion plans across Panama.
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Millicom has started the first moves to open RAN operation in its mobile networks in Latin America.
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Major companies are reporting their Q1 results.
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Axian, the group that last week bought Tigo Tanzania and Zantel, says it plans to invest US$500 million in the business.
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Millicom is now entirely a Latin American operator following today’s disposal of its last African interest, Tigo Tanzania.
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The government of Ghana is to buy AirtelTigo as approved by the board of parent company Bharti Airtel yesterday.
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Millicom's Tigo has entered into a multi-year deal with Ericsson to upgrade and modernise its radio access network (RAN) in Paraguay and Honduras with the rollout of Ericsson Radio System.
