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Tigo To Invest US$30 Million This Year

Tigo (Millicom) is set to invest US$30 million in Costa Rica this year to substantially expand coverage, double broadband speed and bring DTT to all its customers, reports La Republica, citing the operator’s corporate affairs director Norman Chavez.

The investment is broadly in line with the company’s recent annual capex and is aimed at consolidating its position ahead of the arrival of Liberty Latin America, which recently acquired 80 percent of Costa Rican cable operator Cabletica.

Chavez welcomed the entry of the newly split-off unit of Liberty Global, stressing that Millicom is present in 12 countries and used to competing with big players.

“In Costa Rica we are leaders in the internet, IP telephony and cable TV sectors, we have the highest market share and our investment strategy will remain unchanged regardless of the competition,” Chavez said.

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