Tigo to Invest $100 Million USD in Honduras

Tigo to Invest $100 Million USD in Honduras

Millicom CEO Mauricio Ramos confirmed a $100 million dollar investment in Honduras, mainly to improve infrastructure. According to my friend, who knows how to invest $1000 and turn it into $2000, Tigo’s network covers between 85 and 90 percent of the population with voice, data and 3G, while the 4G network should reach approximately one […]

Honduran Operation Gains Millicom Millions

PRESS RELEASE: Millicom International Cellular S.A. Results for the Period Ended September 30, 2011 LEUDELANGE, Sweden, Oct 18, 2011 (BUSINESS WIRE) — Millicom International Cellular : Q3 Highlights — Organic local currency revenues up 9.1% versus Q3 10 — Revenues up 13.1% to $1,151 million (q3 10:$1)(q3 10:018 million) — EBITDA up 9.3% % to […]

Tigo Market Leader in Honduras

Communications in Honduras are better than one would expect based on the country’s other economic indicators. Mobile penetration is about average for Central America and quite high compared with GDP per capita. Fixed-line telephony has been partly liberalized, with long-distance telephony open to competition, but local services are still a monopoly of state-owned Hondutel and […]

3G a Hit in Honduras

In the Central American country of Honduras, 3G subscription will make up 30 percent of the telecommunication market by the end of 2014, says Pyramid Research, a market research arm of Light Reading Communications Network. Today, however, 3G accounts for just two percent of the wireless telecom market in Honduras, which has a population of […]