Financial Wire

Millicom Reports Agreement to Expand Network Infrastructure

Millicom International Cellular (TIGO) said Friday it has entered into a long-term commercial agreement with Trans Americas Fiber System to expand its international network infrastructure and resilience across Central America."We are excited to announce our strategic involvement in TAM-1, part of the Trans Americas Fiber System," said Alejandro Guerrero, VP of Strategic Operations & Wholesale Solutions."This platform will link North, Central, and South America as well as the Caribbean in one unified, high-capacity platform that replaces aging infrastructure and meets the growing demand for bandwidth," Guerrero added.The TAM-1 system is a subsea fiber optic network spanning about 7,000 kilometers, the company said.Price: $84.30, Change: $+1.52, Percent Change: +1.83%

-- Millicom International Cellular (TIGO) said Friday it has entered into a long-term commercial agreement with Trans Americas Fiber System to expand its international network infrastructure and resilience across Central America.

"We are excited to announce our strategic involvement in TAM-1, part of the Trans Americas Fiber System," said Alejandro Guerrero, VP of Strategic Operations & Wholesale Solutions.

"This platform will link North, Central, and South America as well as the Caribbean in one unified, high-capacity platform that replaces aging infrastructure and meets the growing demand for bandwidth," Guerrero added.

The TAM-1 system is a subsea fiber optic network spanning about 7,000 kilometers, the company said.

Price: $84.30, Change: $+1.52, Percent Change: +1.83%