Luxembourg-based Millicom, which operates under the brand Tigo in Latin America and Africa, is considering the possibility of launching mobile telecommunications services in Mexico, reports local business daily El Economista. The operator is hoping to take advantage of the 2013 reform of the Telecoms Act, which sought to rein in the dominance of America Movil and offer a more favourable environment for foreign telcos such as AT&T and MVNOs such as Virgin Mobile.
Millicom has been present in Latin America since 1990, establishing a strong presence in eight Latin American countries including Bolivia, Colombia and Paraguay. The operator has a total of 27.6 million customers in Latin America and was recently awarded further spectrum in Paraguay and Colombia to roll out 4G services. Millicom could also launch its m-banking service Tigo Money in the Mexican market, said the report.
Millicom CEO Mauricio Ramos last year said the company was aiming to become the second-largest operator in Latin America, after America Movil.
