Millicom (Tigo) (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) says it has completed the deployment and commissioning of a pair of new terrestrial fiber routes across the Bolivia and Paraguay border. The routes not only connect the two countries directly for the first time, Millicom (Tigo) asserts, but also provide a direct connection from the Atlantic to the Pacific Ocean.
The 1000-km fiber network forms part of the development of the Bioceanic Corridor, a “digital road” project among Brazil, Paraguay, Bolivia, Peru, and Chile that covers more than 3700 km. The new routes complement Millicom (Tigo)´s existing fully owned network rings in Bolivia and Paraguay and connect to the company’s points of presence in Brazil, Argentina, and Chile.
“This new fiber network across the Bioceanic Corridor is a unique opportunity to connect South America to the world, boosting economic growth and improving access to high-quality telecommunications services. With this technology we are encouraging our customers and businesses in the region to take on new connectivity challenges and expand their regional presence with Millicom (Tigo) as a trusted partner,” stated Mauricio Ramos, CEO of Millicom (Tigo).
“Corporate customer needs are shifting from traditional silos to cloud-enabled IT networks demanding high performance, low latency, and high availability. Tigo Business becomes the most trusted ally for business in their digital journey through secure and reliable solutions leveraging our digital highways,” added Santiago Londoño, B2B vice president of Millicom (Tigo).
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