Tigo Panama, a privately owned company headquartered in Panama, was founded in 2005, employs approximately 1560 individuals, and reported $725.0M in revenue as of 2025. It operates as a subsidiary of Tigo (Millicom) and functions as a tier 2 media tech buyer. The company specializes in telecoms, offering a range of services including mobile voice and data, broadband internet, and digital television to residential and business customers throughout Panama.

2025 Revenue

Founded

2005

Headcount

1,637

Headquarters

Panama

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

On September 17, 2026, Millicom's datacenters in Latin America received global recognitions, including a Tier III Certification of Constructed Facility from Uptime Institute and an Energy Efficient recognition from the CEEDA Program, following the company's investment of over $68 million in improving regional data infrastructure. Previously, on August 6, 2026, Millicom International Cellular (TIGO) reported strong Q2 2026 results, achieving record cash flow and operating income after consolidating its Colombian assets and implementing an efficiency-focused operational model. The company's service revenue grew 5.4% organically and 60.1% on a reported basis, with adjusted EBITDA reaching $1 billion. Equity free cash flow increased 50% to $327 million, leading Millicom to raise its 2026 equity free cash flow guidance to $1.1 billion and project year-end leverage below 2.5 times. CEO Marcelo Benitez indicated that the FIFA World Cup accounted for 80% of Home revenue growth, attributed to increased sales of game packages, data packages, top-ups, and advertising revenues. The company also confirmed that recent acquisitions became equity free cash flow accretive within their first year, and its board approved an additional interim dividend of $1.50 per share, payable in two equal installments in January and April 2027.

Similar Companies

Subscribe for full access to Tigo Panama's profile
Tigo Panama offers 5 products in the media and telecoms services industry. Tigo Panama's product portfolio comprises of media and TV services, consumer electronics and telecoms.
Subscribe for full access to Tigo Panama's products in full detail
Tigo Panama's revenues were less than $1B in 2025. Caretta Research has split Tigo Panama's revenue into 5 different product categories, the largest of which is mobile services. For full access to Tigo Panama's revenue breakdown subscribe to Caretta Portal.
Subscribe for full access to Tigo Panama's revenue in full detail
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." }
AOL
Tigo Panama currently holds 2 broadcasting rights for sports competitions including soccer | association football.

Example Sports Rights Suppliers

Subscribe for full access to Tigo Panama's profile