Tigo Will Invest $2,675 Million in Colombia After Integrating ...
11 Articles
11 Articles
Millicom officially launched the brand change and announced the biggest bet in its 35 years of history. The investment will cover new antennas, fiber optics and municipalities that today have no connectivity
Millicom, owner of both operations, announced the commercial integration of Movistar under the Tigo brand, accompanied by an investment plan of $8.5 billion in four years to expand mobile networks, fiber optics and 5G in the country.
Tigo announced $8.5 billion in investments over the next four years to expand mobile coverage, accelerate the deployment of 5G, and modernize its business.
Millicom announced that Movistar is now Tigo in Colombia and began a brand transition with an investment of 8.5 billion pesos. Movistar Tigo Colombia integration will not alter contracts, tariffs or phone numbers, but it reconfigures the telecommunications market and triggers a response from Claro.
After the unification between Tigo and Movistar, Millicom will allocate a total of 4,065 mdd for the expansion of mobile and fixed networks, the deployment of 5G and the modernization of its digital infrastructure.
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