Tag Archives: Tigo

Millicom Q4 revenues up by 27%

Telecoms,

TigoMillicom – which operates in Latin America as Tigo – reported forth-quarter revenue up 27% year-on-year to USD 1.86 billion, helped by ts takeover of Une in Colombia. On an organic basis excluding currency effects and Une, revenues rose 10.8% in Q4 and were up 9.4% in the full year, in line with the company’s outlook for a high single-digit growth rate. Millicom recorded quarterly EBITDA of USD 588 million, up 10.4% year-on-year, while the margin fell to 31.6 percent from 34.1 a year ago. Excluding Une, the margin was down 2.7% points over the year to 33.3%, slightly below Millicom’s outlook for a figure in the mid 30s. Capital expenditure, excluding spectrum and licences, was in line with the outlook at 18.9 % of revenue for the full year and 24.1% in Q4.

Despite an economic slowdown in emerging markets and currency fluctuations in Q4, Millicom said it benefited from its diversified operations. It added 2.3 million new mobile customers in the three months, sold over 1.6 million smartphones, gained 1.5 million new mobile money customers and passed 5 million revenue-generating units at its cable business in Latin America.

Tigo Colombia rolls out LTE network

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Colombian operator Tigo has announced the launch of its 4G LTE network in capital city, Bogota and Medellin, Barranquilla and Bucaramanga.Several more cities should be added this month, with the rest of the departmental capitals and medium-sized cities joining by mid-2014 according to El Tiempo.

Tigo will offer a package that includes 6 GB, unlimited SMS and unlimited access to Tigo Music, for 69,000 Colombian Pesos. A data plan with 15 GB costs 109,900 Colombian Pesos.

Claro is also on the point of announcing the start of a commercial LTE service, while the other holders of 4G licences (DirecTV, ETB and Avantel) should launch their operations in 2014. Currently some 20 mobile phones compatible with the 4G network are available on the local market.

Tigo Bolivia acquires Multivision

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Tigo has agreed to acquire Bolivian cable-TV provider Multivision for USD 20 million. Tigo Bolivia plans to launch a converged offering available from any smart device, according to Tigo CEO Pablo Guardia. Multivision currently provides pay-TV services in La Paz, Santa Cruz, Cochabamba and Tarija. Tigo plans to invest an additional USD 10 million to upgrade Multivision’s network and services offering.

Millicom Net Revenues Decline in Q4

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Tigo

Millicom International Cellular, Inc. – which operates in Latin America under the brand Tigo – reported a drop in fourth-quarter net revenues to USD 155 million from USD 188 million a year earlier. The profit margin is as a result of acquisitions in the region and investments in the data network. Still total revenues increased to USD 1.27 billion from USD 1.18 billion a year ago, helped by the acquisition of Cablevision in Paraguay. Revenues were up 6.4 percent year-on-year excluding currency effects and the Cablevision acquisition.

Millicom expects a smaller drop in the margin this year, and the figure should remain over 40 percent, while capex should peak at around 20 percent of sales. The company said it’s increasing its focus on costs and capex avoidance to adjust to the slowing growth in voice revenues.

The focus for 2013 will be on growing revenues from mobile data , m-payment services, cable-TV and the online activities with Rocket Internet.

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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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Paraguay regulator to investigate Tigo CPC merger

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The Paraguayan Congress has requested a review by telecoms regulator Conatel on the resolution that authorized the merger of Telefonica Celular del Paraguay (Telecel) and Compania Privada de Comunicaciones (CPC), Portal Paraguayo de Noticias reports. Telecel operates on the local market under the Tigo brand name.

Back in 2011 Conatel had approved the merger between the two companies, which also granted the use of the 900 MHz frequency band by Tigo. According to the initiative started by congresswoman Olga Ferreira de Lopez, Tigo was thus allowed to provide 4G mobile broadband services to the detriment of state-owned company Copaco.

Conatel will have to provide details on the procedure via which it gave the green light to the two operators’ merger, as well as make public the reason why the CPC maintained a valid licence for use of the 900 MHz spectrum, since the authorization was granted in 1997 but the spectrum had never been used until the merger.

ETB to launch MVNO with Tigo in January 2012

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Colombian operator Empresa de Telecomunicaciones de Bogota (ETB) will launch MVNO services on the local market. ETB will provide the service using the Tigo mobile network. The MVNO launch is scheduled between 15 and 27 Janauary 2012, La Republica reports, citing ETB’s commercial VP Juliana Henao Ovalle.

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