No Cable Onda rate increase as Tigo takes reins

Panama customers of  Cable Onda will not face a rate increase for their TV service following the acquisition of 80 percent of the company’s shares by Millicom, which operates the Tigo brand in the region.

"The tariff will continue to decrease, but consumption will continue to grow," said Millicom chief executive Mauricio Ramos.

The Cable Onda brand will stay in place for now according to Ramos, but customers would be consulted if they prefer it  to remain or if it is changed to  Tigo, the Millicom brand.