Tigo invests $3 billion in Central America

Luxembourg-based telecom group Millicom highlighted as main accomplishments the listing on Nasdaq under the Tigo ticker, the acquisition of Telefónica’s business in three Central American markets and new social responsibility guidelines.

With the Central America acquisitions, Millicom increased its revenue by 9.9 percent year over year in the region. According to CFO Tim Pennington, Millicom invested more than $3 billion inorganically in Central America in 18 months, BN Americas reports.