Millicom commits $700M spend in Central America - Mobile World Live

Millicom commits $700M spend in Central America

07 JUN 2022

Millicom’s Tigo outlined plans to spend $700 million on its mobile and broadband networks in Central America over the next two years, in response to calls made by US Vice President Kamala Harris encouraging private sector investment in the region.

In a statement, Millicom revealed it would spend the sum on its networks in Guatemala, Honduras, and El Salvador, following lobbying from the US Vice President last year.

Harris’ Call to Action initiative launched in May 2021, encouraging private investments to promote economic opportunity in Central America.

Millicom is also a member of the Partnership for Central America, an independent organisation launched to coordinate private sector projects supporting the Call to Action. The operator’s investment aims to bolster economic growth by improving connectivity in the region, where penetration rates for broadband are below average.

CEO Mauricio Ramos pointed to a 10 per cent rise in the penetration of mobile broadband services in the region, resulting in nearly a 2 per cent increase in GDP and rendering it “imperative to build these digital highways”.

The operator’s investments will occur in accordance with Race to Zero, a United Nations-backed campaign promoting a zero-carbon recovery.

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Amiya Johar

Amiya Johar is presently a reporter at Mobile World Live. A third-year student at King’s College London studying BA Culture, Media, and Creative Industries, Amiya has experience working with a range of publications including Hotelier Middle East and Roar News....

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