Millicom (Tigo) signs FTTH wholesale network agreement with ETB in Bogota

Rhea-AI Summary

Millicom (TIGO) has partnered with ETB to enhance its broadband services in Bogota, Colombia. This FTTH wholesale network agreement will allow Tigo Colombia to deliver Tigo-branded broadband internet, PayTV, and telephony services to customers using ETB's network, reaching 1.5 million homes. This partnership expands Tigo's commercial footprint by over 20%, significantly increasing access to potential customers in the region, the largest city in Colombia.

Positive

• Partnership with ETB increases Tigo Colombia's commercial footprint by over 20%.
• Access to ETB’s FTTH network allows Tigo to reach 1.5 million homes in Bogota.
• Ability to offer a comprehensive suite of services including broadband, PayTV, and telephony.

Negative

• None.

Millicom (Tigo) signs FTTH wholesale network agreement with ETB in Bogota

Luxembourg, July 18, 2022 – Millicom announces that its operation in Colombia (“Tigo Colombia”) has entered into a wholesale network access agreement with Empresa de Telecomunicaciones de Bogota (“ETB”).

Under the terms of the agreement, Tigo Colombia will be able to offer Tigo-branded broadband internet, PayTV, telephony and over-the-top services to residential and small business customers using ETB’s fiber-to-the-home (“FTTH”) network, which covers 1.5 million homes in Bogota.

When combined with Tigo Colombia’s own network infrastructure as well as its other existing wholesale agreements, the landmark partnership with ETB will allow Tigo to reach the vast majority of potential customers in Bogota, the largest city in Colombia. This represents an increase of more than 20% in Tigo Colombia’s commercial footprint for its suite of Home services.

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For further information, please contact:

Press: Yocasta Valdez, Sr. Manager Digital Media & Communications press@millicom.com

Investors: Michel Morin, VP Investor Relations Sarah Inmon, Director Investor Relations investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2022, Millicom employed approximately 20,000 people and provided mobile and fiber-cable services through its digital highways to around 50 million customers, with a fiber-cable footprint of close to 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn. 

 

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• Millicom (Tigo) signs FTTH wholesale network agreement with ETB in Bogota_071722

FAQ

What is the significance of Millicom's agreement with ETB?

Millicom's agreement with ETB allows Tigo Colombia to access a broader customer base through ETB's FTTH network, enhancing service offerings in Bogota.

How many homes will Tigo Colombia serve after the agreement with ETB?

The agreement enables Tigo Colombia to serve approximately 1.5 million homes in Bogota.

What services will Tigo Colombia provide following the ETB agreement?

Post-agreement, Tigo Colombia will offer broadband internet, PayTV, telephony, and over-the-top services.

By what percentage will Tigo Colombia's footprint increase in Bogota?

Tigo Colombia's commercial footprint will increase by over 20% due to the agreement with ETB.