The wholly owned subsidiary of Millicom International Cellular S.A. (“Millicom”), Telefónica Celular del Paraguay SA (Tigo), has acquired three of the seven available blocks of 2x5MHz spectrum in the 700MHz band at a total cost of $36.325million, plus certain social and network coverage obligations.
According to Jose Perdomo, General Manager of Tigo Paraguay:
“This new spectrum will allow us to cost-effectively continue to expand our 4G network in Paraguay and provide high-speed mobile data services to more Paraguayans. We are proud that Tigo is the largest provider of 4G services in Paraguay”.
Mauricio Ramos, CEO of Millicom, added the following :
“We are very pleased with the outcome of the auction. Building a 4G future is central to Millicom’s strategy, and gaining 700MHz spectrum in Paraguay allows us to continue to provide advanced digital services to the people of Paraguay from one of our best-performing country operations.”
Founded in 1979, Millicom Inc. was acquired by MIC-USA Inc. in 1993. Millicom provides satellite television services, cellular telephone services, and pay television services and it owns and operates 3,000 public telephones in hotels, hospitals & shopping & convenience centers in U.S. & U.K. & provides LAN & WAN integration services to commercial & government clients