Telemovil, which operates under the brand name Tigo, plans to invest USD250 million in El Salvador this year, local newspaper El Mundo quotes the firm’s CEO Marcelo Aleman as saying. Around USD100 million of the total will be spent on improving the coverage and quality of Tigo’s 4G LTE network infrastructure, launched at the end of 2016. The funds form part of a four-year USD1 billion investment plan which began last year and will see USD250 million invested each year between 2017 and 2020. The company, which is owned by Millicom International Cellular (MIC), aims to increase 4G coverage to 70% of the population by the end of this year.
Aleman added that the Electricity and Telecommunications Superintendency (Superintendencia General de Electricidad y Telecom, SIGET) is set to complete the renewal of Tigo’s 1900MHz spectrum licence in the next few months.