Tigo Bolivia purchases local cable TV provider Multivision for USD20mn

20 Nov 2013

Tigo Bolivia, a subsidiary of Luxembourg-based mobile holding company Millicom International Cellular (MIC), has acquired local cable TV operator Multivision for USD20 million, BNamericas reports, citing local press. The operator also revealed it expects to spend USD10 million next year to improve Multivision’s content, number of channels and reception.

Meanwhile, Tigo Bolivia CEO Pablo Guardia was also cited as saying that, alongside the Multivision purchase, his company is aiming to invest approximately USD130 million in 2014 on its telephony services, with the executive noting: ‘In the future we are aiming for the multi-screen experience not only on the mobile phone, or the TV or the computer but on the tablet or any other device and have just one account that provides us with all the telephony, TV and internet services.’ With Tigo also investing in fibre-optic infrastructure after winning spectrum to roll out mobile broadband services, Mr Guardia said that Tigo currently has such infrastructure in all of Bolivia’s nine departments, and this is expected to create synergies with the newly acquired cable TV provider. ‘Our business will use that infrastructure, there are synergies and investments that will be useful for other businesses,’ he added.

Bolivia, Tigo Bolivia