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Tigo Paraguay European Forum of Investments in Paraguay. Asunción, 23 October 2014. Tigo Paraguay – Part of the Millicom Group. 40% owned by private investors/ 60% listed in Stockholm and New York Controlled by Swedish Investment company Kinnevik
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Tigo Paraguay European Forum of Investments in Paraguay Asunción, 23 October 2014
Tigo Paraguay – Part of the Millicom Group • 40% owned by private investors/ 60% listed in Stockholm and New York • Controlled by Swedish Investment company Kinnevik • 14 operations: Latin America and Africa – 250 million pop covered • Corporate offices - Lon/ Lux, Miami • 2013: Revenues > 5b USD, >7% yoy growth, >1b USD Capex • Tigo Paraguay – 15% of group revenues • Mobile, TV & Broadband, Mobile Financial Services – The Digital Lifestyle
Tigo in Paraguay • 22 years in Paraguay • #1 foreign investor, #2 tax payer • 55% mobile market share, most advanced cable operation • 35% of customers with mobile money • Developed first TV channel of PY Sports • 70% of point of sales in PY distribute Tigo • USD 1 billion of CAPEX since 1992, USD 120 million in 2013 • Great place to work, exported Paraguayan talent worldwide
Our Brands in mobility at home in your hands for your business
Opportunities in Paraguay • Services, e.g. • Pay TV • Financial Inclusion • … • Connectivity / Infrastructure • Applications • IT development / Services • Modernization of sectors / industry / Government
Doing business in Paraguay • Commitment is rewarded. • Relationships are key. • Innovation at the core. • Passion for progress. • Developing talent market. • Integrity and compliance is possible.
Our plans for Paraguay In 5 years - 2018: • Sustained Growth: • USD 4.000 MM of accumulated revenue • Accelerated Investment: • Capex : USD 560 MM • Opex : USD 1.000 MM • Responsibility: • Taxes : USD 500MM