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:

Millicom's datacenters in Latin America, where the company invested over $68 million in improving data infrastructure, received global recognitions on September 17, 2026. These included a Tier III Certification of Constructed Facility from Uptime Institute and an Energy Efficient recognition from the CEEDA Program. Previously, on August 7, 2026, Millicom International Cellular reported strong second-quarter 2026 results, with service revenue rising 5.4% organically and 60.1% on a reported basis. Adjusted EBITDA reached a record $1 billion, and equity free cash flow increased 50% to $327 million. The company raised its 2026 equity free cash flow guidance to $1.1 billion and projected year-end leverage to fall below 2.5 times. Its board approved an additional interim dividend of $1.50 per share, payable in two equal installments in January and April 2027. CEO Marcelo Benitez noted on August 6, 2026, that 80% of Home revenue growth stemmed from the FIFA World Cup, driven by increased sales of viewing packages, data, top-ups, and advertising. The company also confirmed that recent acquisitions became equity free cash flow accretive within their first year.

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Tigo Panama offers 5 products in the media and telecoms services industry. Tigo Panama's product portfolio comprises of telecoms, media and TV services and consumer electronics.
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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.
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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 Panama currently holds 2 broadcasting rights for sports competitions including soccer | association football.

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