Millicom eyes up IPTV in LATAM
Juan Fernandez Gonzalez
| 21 August 2015
Looking to América Móvil as an example to follow in Latin America's telecom sector, Millicom aims to expand from the smaller markets and become the region's second largest operator, focusing on video and pay-TV services.
The Swedish telco, which already has its largest market in Latin America, is preparing an ambitious expansion plan with acquisitions and strong investments in cable and mobile services. Indeed, during recent years, Millicom has purchased national telcos including Colombia's UNE-EPM and Bolivia's Multivision.
Speaking to the Mexican newspaper El Financiero, the recently-appointed CEO of Millicom, Marucio Ramos, said the group intends to extend its digital services to over ten million homes in the region.
"We want to build a cable network as we have done with our mobile network. Nowadays, data is what matters the most for consumers, and we offer them a digital lifestyle," said Ramos.
Millicom, which currently operates through Tigo and other brands in Guatemala, Honduras, Panama, Bolivia, El Salvador and Colombia, is Latin America's tenth largest pay-TV operator (Dataxis).
According to analysts, Millicom would need to buy or merge with other operators, as the growth margins of its operational markets are small. "Consumers don't care who owns our company or the mergers we do, the only thing that matters is value, the digital box we install in their homes and the access speed we offer," added Ramos.