MIC renews Colombian licence for USD51m

5 Dec 2012

Millicom International Cellular (MIC) has announced that its Colombian wireless arm, Colombia Movil, has renewed its operating licence for a further ten years. The cellco, which operates under MIC’s preferred ‘Tigo’ brand, will pay COP93 billion (USD51.26 million) in February 2013 to renew its licence, including continued access to 50MHz of 1900MHz band spectrum. President and CEO of MIC Hans-Holger Albrecht, commented: ‘We are pleased to have renewed our licence in Colombia today. Colombia is one of the fastest growing markets for us and we look forward to continue bringing innovative digital products and services to the people of Colombia through this licence renewal.’ According to TeleGeography’s GlobalComms Database, Tigo claimed 5.47 million wireless customers at end-September 2012, translating to a market share of 11.5%.

Colombia, Colombia Movil (Tigo Colombia)