Tigo Overview
Tigo is Millicom International Cellular's telecom brand in Latin America. It operates in nine countries: Colombia, Bolivia, Paraguay, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, and Panama. In March 2025 Millicom had about 46 million mobile users, and cable TV passed more than 14 million homes. Revenue in 2024 was about USD 5.8 billion. In Q1 2025 it added about 262,000 postpaid mobile users and 62,000 home-broadband users. In 2024 Millicom bought Telefónica's operations in Colombia, Uruguay, and Ecuador (the Colombia deal was about USD 400 million) and merged with EPM in Colombia.
For IoT, Tigo uses those country networks and Tigo Money. Enterprises can get M2M connectivity, a private APN, and a fixed IP. The uses named on the page are connected vehicles, finance, logistics, and agriculture.
Tigo and Millicom facts
- Parent: Millicom International Cellular
- Headquarters: Luxembourg (Millicom)
- Mobile users: About 46 million (March 2025)
- Cable coverage: More than 14 million homes
- South America: Colombia, Bolivia, Paraguay, plus Ecuador and Uruguay after the Telefónica asset purchases
- 2024 revenue: About USD 5.8 billion
- Q1 2025: About 262,000 more postpaid mobile users and 62,000 more home-broadband users
- Network: 4G LTE, 5G NR, NB-IoT, LTE-M
- Payments: Tigo Money
Development History and Milestones
Millicom has operated in Latin America since the 1990s, and the Tigo brand is used across those countries. In 2024 it finished buying Telefónica's Colombia business for about USD 400 million and merged with EPM, so in Colombia it now sits with Claro, Movistar, and the other operators. In June 2025 Tigo Colombia had about 8.53 million mobile-internet connections, close to Movistar's 8.61 million. Millicom also bought Telefónica's businesses in Uruguay and Ecuador.
Tigo Money is Millicom's mobile-finance brand, with payments, transfers, and savings in several Latin American countries. With IoT it can take payments from smart vending machines, POS terminals, and other payment devices.
Core Technical Capabilities
Multi-country coverage
Colombia, Bolivia, Paraguay, Ecuador, Uruguay, etc.
Tigo Money
Mobile financial services, supporting payments and transfers, integrated with IoT
Enterprise network
A private APN, a fixed IP, and one bill across countries
Integrated services
Mobile, broadband, and cable TV for the same enterprise customer
Network standards and coverage
| Technology | Coverage | Typical use | Status |
|---|---|---|---|
| 4G LTE | Major cities in multiple Latin American countries | Mainstream IoT connectivity | Primary network |
| 5G NR | Major cities | High-speed mobility, industrial 5G | Building out quickly |
| NB-IoT / LTE-M | Some markets | Low-power IoT | Expanding market by market |
Industry Solutions
Retail finance
- POS terminal connection
- ATM remote monitoring
- Tigo Money payment integration
Connected Vehicles
- In-vehicle connectivity and tracking
- Fleet management
- UBI Insurance
Logistics and Transportation
- Cargo tracking
- Cold-chain monitoring
- Driving behavior analysis
Agriculture
- Farmland sensors
- Agricultural machinery GPS tracking
- Cold chain for farm produce
Competitive Advantages
- Several countries: Core markets include Colombia, Bolivia, and Paraguay
- Acquisitions: Telefónica assets in Colombia, Ecuador, and Uruguay
- Tigo Money: Mobile finance next to IoT, including device payments
- Combined services: Mobile, broadband, and cable TV for the same customer
- Q1 2025: A net gain in users