Telecommunications: Investments in Nicaragua

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.

Tuesday, May 21, 2019

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.

The company's statement explained that this is the first transaction to be closed since Millicom announced in February an agreement to acquire three Telefónica subsidiaries in Central America in Panama, Costa Rica and Nicaragua.

See “Telefonica Completes Sale of Assets in Nicaragua

Mauricio Ramos, CEO of Millicom in the region, explained to Elnuevodiario.com that the company comes with "... an investment plan that is not only the acquisition, but is a strong investment plan in network expansion, capacity expansion, expansion of services for small and medium enterprises.”

Also see "Telecom: Regional Market Transformed"

Ramos added that in the country will "... invest in the next 5 years about 1.25 billion dollars at a rate of almost a quarter of a billion dollars a year. It's a big deal, because we believe the Nicaraguan economy needs strong digital highways with a lot of investment to leverage its entry into the digital economy of the 21st century.

¿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

Costa Rica: Reverse Move to Buy Telefonica

May 2020

Millicom announced that it exercised its right to terminate the Share Purchase Agreement for the acquisition of Telefonica's operating subsidiary in the Central American country.

Only eight months after the Telecommunications Superintendence authorized the economic concentration requested for Millicom to buy the shares of Telefónica de Costa Rica TC S.A., the parties announced that the agreement has been rescinded.

Telefonica Purchase Completed in Panama

August 2019

Millicom announced that it completed the acquisition of Telefonica Moviles Panama, S.A. through its subsidiary Cable Onda.

In February of this year, Telefónica announced that it had reached an agreement with Millicom S.A. for the sale of all of the company's shares in Panama.

Panama: Cable Onda Changes Ownership

October 2018

With a $1.460 million investment, Millicom International Celular completed the acquisition of 80% of the capital of Cable Onda, one of the country's telephone, Internet and cable TV operators.

Cable Onda announced in a press release that following an extensive conversation process, Cable Onda S.A.

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