Tigo Guatemala, also known as COMCEL or Comunicaciones Celulares, a privately owned entity headquartered in Guatemala, is a provider of telecommunications and digital services. Founded in 1990, the company operates with approximately 3,200 employees and reported $1.7B in revenue as of 2025. Functioning as a tier 1 media tech buyer, it operates as a wholly owned subsidiary of Millicom International Cellular S.A., a multi-national telecommunications conglomerate based in Luxembourg. Tigo commands over 50% of the Guatemalan domestic mobile market share, serving a subscriber base of more than nine million customers.

2025 Revenue

Founded

1990

Headcount

3,164

Headquarters

Guatemala

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

On August 21, 2026, Millicom International Cellular announced an interim dividend of US$1.50 per share, payable in two installments in early 2027. The company also raised its long-term cash flow targets while continuing to manage a legal dispute in Guatemala. This announcement followed Millicom’s board approval of the interim dividend on August 7, 2026, alongside the reporting of strong second-quarter 2026 results. The company posted a 5.4% organic service revenue growth, rising 60.1% on a reported basis, with adjusted EBITDA reaching a record $1 billion. Equity free cash flow increased 50% to $327 million, prompting Millicom to raise its 2026 equity free cash flow guidance to $1.1 billion and project year-end leverage below 2.5 times. Earlier, on August 6, 2026, Millicom's Q2 earnings call detailed that its record cash flow and operating income stemmed from the consolidation of its Colombian assets and the implementation of an efficiency-focused operational model. CEO Marcelo Benitez noted that 80% of Home revenue growth was attributable to the FIFA World Cup, driven by increased sales of viewing packages, data, top-ups, and advertising revenues. The company also confirmed that recent acquisitions were equity free cash flow accretive within their first year, reinforcing the raised full-year guidance.

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Tigo Guatemala offers 7 products in the media and telecoms services industry. Tigo Guatemala's product portfolio comprises of consumer electronics, telecoms and media and TV services.
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Tigo Guatemala's revenues were over $1B in 2025. Caretta Research has split Tigo Guatemala's revenue into 7 different product categories, the largest of which is mobile services. For full access to Tigo Guatemala's revenue breakdown subscribe to Caretta Portal.
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Aug
6th
2026
19:57
Financial Results, B2B Tag, Financial Performance
Millicom (TIGO) Q2 2026 Earnings Call Transcript
{ "summary": "Millicom International Cellular S.A. (NASDAQ:TIGO) reported a quarter of record cash flow and operating income following the consolidation of its Colombian assets and the implementation of its efficiency-focused operational model. The company delivered a better customer service, increased ARPU through its more-for-more strategy, simplified the business, improved efficiency, and turned operational execution into stronger cash flow. CEO Marcelo Benitez noted that 80% of Home revenue growth was attributable to the FIFA World Cup, stating, 'The revenues coming from the World Cup has to do with selling packages to watch the games, more data packages, more top-ups, more sales in Home and advertising revenues.' The company confirmed that recent acquisitions are already equity free cash flow accretive within their first year, reinforcing the raised guidance for the full year. Management confirmed that recent acquisitions are already equity free cash flow accretive within their first year, reinforcing the raised guidance for the full year. The company's Board has approved an additional interim dividend of $1.50 per share payable in two equal installments in January and April 2027. Millicom International Cellular S.A. (NASDAQ:TIGO) reported a quarter of record cash flow and operating income following the consolidation of its Colombian assets and the implementation of its efficiency-focused operational model. The company delivered a better customer service, increased ARPU through its more-for-more strategy, simplified the business, improved efficiency, and turned operational execution into stronger cash flow. CEO Marcelo Benitez noted that 80% of Home revenue growth was attributable to the FIFA World Cup, stating, 'The revenues coming from the World Cup has to do with selling packages to watch the games, more data packages, more top-ups, more sales in Home and advertising revenues.' The company confirmed that recent acquisitions are already equity free cash flow accretive within their first year, reinforcing the raised guidance for the full year. Management confirmed that recent acquisitions are already equity free cash flow accretive within their first year, reinforcing the raised guidance for the full year. The company's Board has approved an additional interim dividend of $1.50 per share payable in two equal installments in January and April 2027." }
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Tigo Guatemala currently holds 2 broadcasting rights for sports competitions including soccer | association football.

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