Millicom International Cellular: Tigo Paraguay to Offer Customers 4G Internet Accessible on All Enabled Smartphones
January 12 2016 - 8:10AM
Business Wire
Millicom International Cellular (NASDAQ:MICC) (STO:MIC)
Millicom announces that Tigo Paraguay is preparing to launch
4G/LTE commercial services and high speed internet on all enabled
smartphones. Customers this month are replacing their Sim cards
with 4G Sim cards for free, in anticipation of Tigo’s soon expected
roll-out of 4G/LTE commercial services in Paraguay.
Paraguay’s National Telecommunications Council, known as
CONATEL, approved Tigo Paraguay’s application for a 4G license in
the 1,700-2,100 MHz (AWS) band in December 2015.
Tigo, Paraguay’s leading mobile network operator, has agreed to
pay USD$45 million for three sub-band blocks, and now expects to
launch the first of its 4G services in March 2016.
In anticipation of 4G’s widespread popularity, faster internet
data speeds and improved, on-the-go access, 4G Sim cards are being
distributed this month, free to Tigo customers.
Jose Perdomo, Chief Executive Officer- Tigo Paraguay, said: “4G
technology is an absolute must-have for Paraguay. Consumer growth
and demand, with the constant advances in technology, make it
necessary, and we are delighted to have reached this important
milestone, so that we can bring 4G to our customers.
“It is also part of our Digital Lifestyle drive across Latin
America, so we can deliver great connectivity for our customers and
pave the way for even greater innovations to follow.”
Tigo Paraguay
· Tigo is the country’s leading mobile operator with almost 4
million of customers.
· Tigo’s network penetration reaches 96 per cent of the national
territory
· Tigo’s mobile money service – Tigo Money - has more than
1.2million customers
· Tigo Business serves more than 10,400 companies
· Tigo Paraguay has invested over US $1 billion since 1992
· The company has won Great Place to Work awards in 2011, 2013,
2014 and 2015.
· Tigo’s Corporate Responsibility programs include: an
educational initiative called Tigo in Your Community that features
the installation of digital classrooms in schools; a Telemedicina
initiative in partnership with the Ministry for Public Health to
improve public healthcare; and an initiative working with UNICEF to
reduce infant mortality rates.
About Millicom
Millicom is a leading telecom and media company dedicated to
emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing innovative and customer-centric
digital lifestyle services to the world’s emerging markets. The
Millicom Group employs more than 16,000 people and provides mobile
services to some 60 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom
generated revenue of USD 6.4 billion and EBITDA of USD 2.1
billion.
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