Tag Archives: Honduras

Millicom to Offer Mobile Money Transfer Services in Latin America

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Western Union has signed an agreement with Millicom to introduce cross-border mobile money transfers in Latin America though Millicom’s Tigo branded mobile networks.

The first cross-border money transfer service under this agreement will be launched soon in Paraguay under the Giros Tigo brand (Tigo Cash). The service will be rolled out over time in other markets in Latin America.

Specific services under this agreement will vary by country, but over time, Tigo customers in most of Millicom’s Latin American markets will be able to receive money from Western Union customers directly into their mobile accounts. They will also be able to cash out transactions at any Tigo location offering the Giros Tigo facility.

Millicom offers Mobile Financial Services and in particular in-market money transfers in Paraguay, El Salvador, Guatemala, Honduras, Tanzania, Ghana and Rwanda and will extend its offering to more services and into more markets over time.

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America Movil launches App Store in Latin America

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America Movil has launched its iApps Application Stores powered by Appia. The platform aims to bring a comprehensive catalog of apps and games to America Movil subscribers across Latin America. The iApps Application Stores are currently available through America Movil’s operating partners Claro, Comcel, and Telcel in 18 countries across Latin America including Argentina, Chile, Brazil, Guatemala, Honduras, and Mexico.

Appia’s Application Catalog includes thousands of applications and games for Android, Blackberry, Symbian, and Java phones. The iApps Application Stores include both paid and free applications such as social media, news, weather and sports apps in Spanish, English and Portuguese. App developers including Rovio and Gameloft are distributing their app through the iApps Application store, along with Facebook, Electronic Arts, and MocoSpace. Appia’s application marketplace service provides a managed service platform for America Movil’s iApps Application Stores, including the catalog of applications as well as the platform for storefront merchandising and commerce.

America Movil has deployed the Application Stores across its operators in 18 countries, and all stores are integrated with America Movil’s billing and customer care systems.

 

C&W calls for Digicel-Claro Jamaican Merger to Be Investigated

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Jamaica’s Cable & Wireless – opertating under the brand LIME – has written to the Government, the Office of Utilities Regulations (OUR) and the Fair Trading Commission (FTC) expressing concerns about the recently announced deal for Digicel to buy its local rival, Claro.

Digicel and Claro announced last week that Digicel would sell its businesses in El Salvador and Honduras to America Movil, while in turn Claro Jamaica would be sold to Digicel.

According to analysts, the combined market share of the two companies in Jamaica comes to 80%, leaving Cable & Wireless (LIME) with the remaining 20%. The move has raised concerns that Digicel is effectively returning the country to a de-facto monopoly status.

The company said that given the significance of the merger to the Jamaican telecoms industry, the regulators “should carefully assess the deal, before approval is given by the relevant minister”.

“As a company proudly serving Jamaica for over 140 years, providing employment for more than 1,400 Jamaican workers and with almost 25,000 Jamaican shareholders, we stand ready to cooperate with all industry players to ensure the interests of our country and the Jamaican consumer are best served,” Lime’s managing director, Garry Sinclair said in a brief statement.

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Digicel buys Claro Jamaica

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Digicel has agreed to acquire America Movil’s Claro business in Jamaica. In turn, America Movil will acquire Digicel’s businesses in El Salvador and Honduras. Financial terms of the transaction have not been disclosed. However, there will be a net cash payment to Digicel. The transaction is subject to regulatory approvals and is scheduled for completion in the second quarter.

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America Movil will acquire Digicel in El Salvador & Honduras

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America Movil will acquire Digicel’s businesses in El Salvador and Honduras in exchange for America Movil’s Claro business in Jamaica. Financial terms of the transaction have not been disclosed. However, there will be a net cash payment to Digicel. The transaction is subject to regulatory approvals and is scheduled for completion in the second quarter.

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Millicom Quarterly Revenues Pass $1 Billion for First Time

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Telecoms holding company, Millicom International has reported a 13% rise in its revenues to US$1,018 million, while EBITDA was up 16% to $484 million.

Mikael Grahne, President and CEO of Millicom, commented: “For the first time in Millicom’s history, we have exceeded $1 billion of revenues in a quarter. Our profitability remains strong with an EBITDA level of 47.5%.

“Within a maturing voice market, our strategy aims at developing value-added services (VAS) which we see as the next growth opportunity. In Latin America we have increasingly focused on innovation and on ARPU stabilization, favoring 3G penetration over the retention of low ARPU voice customers. In Africa we are focusing on both penetration and innovation. We are pleased with the execution of this strategy and our Q3 results confirm its effectiveness: we are getting closer to a stage of ARPU stabilization with a 4.1% decline year-on-year in Q3 (excluding the country mix impact), VAS now contribute 23.3% of recurring revenues, we have 1.5 million customers using 3G data services in Latin America, up 18% over Q2, and our local currency revenue growth reached 11.7%, the highest level since the beginning of 2009.

“We maintain our commitment to the base business as shown by the growth in voice revenues of 10% year-on-year in Q3, up from 7% in Q2 and 5% in Q1. Our strong focus on branding, smart pricing and distribution has been instrumental in this achievement, allowing us to resist commoditization.

All data includes the full consolidation of Honduras from July 1, 2010. Quarterly historical data has been restated for the full consolidation of Honduras

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