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Millicom has also agreed to offer to purchase the remaining 32.5% of Coltel equity owned by La Nación and other investors, and reiterates its offer to acquire its partner’s 50% stake in UNE.

Transaction targets greater investment in fiber networks to deliver enhanced services and customer experience.

Gusto TV has partnered with Millicom (Tigo) to launch a Spanish language linear cable channel across nine countries: Panama, Paraguay, Colombia, Bolivia, Costa Rica, Honduras, El Salvador, Guatemala, and Nicaragua.

In Latam, the company reported experiencing record net increases in both mobile (1.7 million) and cable (157,000) customers, driven in part by reconnection of many customers who had temporarily benefited from its lifeline services.

Although the lockdowns had a major impact on its mobile business, especially in those markets with severe mobility restrictions, most of Millicom's key performance indicators and its revenue improved in June.