Nicaragua: Millicom Sued for Alleged Debt

The Mayor's Office of Managua filed a lawsuit against Millicom, arguing that the company has a debt of almost $1 million on account of five years of arrears in the payment of the Real Estate tax.

Monday, September 16, 2019

The debt claimed by the City Hall corresponds to the alleged omission in the payment of the municipal tax corresponding to 2014, 2015, 2016, 2017 and 2018, a period in which the assets still belonged to Telefónica.

The lawsuit comes months after the company changed ownership, since in mid-May it was reported that the entire share capital of Telefónica Celular de Nicaragua, S.A. had been transferred to Millicom International Cellular, S.A. for a price of $437 million.

Derived from the complaint filed by the local authorities, "... A civil court in Managua ordered a preventive seizure against Telefónica (now owned by Millicom and operating in Nicaragua under the brand name Tigo). The order was issued by the Fifth Court of Execution of the Managua sentence, in order to pressure Tigo to pay an alleged million-dollar debt."

The article of Laprensa.com.ni adds that "... such seizure does not mean that the company will be judicially taken, but that it is a legal procedure to secure the payment of the debt (in favor of the Mayor's Office), in case it obtains a favorable sentence at the end of the legal process."

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Telecommunications: Investments in Nicaragua

May 2019

After Telefónica was acquired by Millicom, the company plans to invest $1.25 billion in the next five years to expand the network and its services to companies in the country.

On May 16, Millicom reported that it closed the acquisition of Telefonía Celular de Nicaragua, S.A., the number one mobile operator in the country, in addition to TIGO Nicaragua's existing cable operation.

Guatemala: Phone Lines Returned to State

December 2014

In response to approval of a new tax of $0.65 per telephone line, operating companies have returned 6 million lines to the Telecommunications Superintendency.

Representatives from Claro, Tigo and Telefónica each returned 2 million inactive numbers with the aim of adjusting their internal policies to adapt to the new tax which will come into effect next year.

Telephone Operators Seek Customers in Costa Rica

November 2011

ICE, Claro and Movistar are promoting their products and payment plans to corporate clients.

With various promotions and discounts, the main operators in the Costa Rican telecommunications market have begun competing for corporate customers that may want to integrate all their services with one provider.

Telecomm in El Salvador: $1.9 Billion in 2010

May 2010

A study by Signals Telecom Consulting estimated that in 2015 Salvadoran telecommunications companies will sell more than $1.870 million.

“This is because companies have already started to create ‘combos’ with their services (landline, mobile, cable and Internet), in order to increase their revenues and retain more customers”, reported Laprensagrafica.com.

ok