Celtel (Tigo Millicom)
Sector: Commercial • Location: Honduras
Source: World Bank Group
Celtel was awarded a 25 year concession contract to provide cellular phone services through one of the cellular bands in January 1995. Celtel is a consortium integrated by Motorola Inc., Millicom International, and Inversiones Rocafuerte. For its concession, Celtel had to make an infront payment of US$5.1 million, annual payments equivalent to 8% of gross revenues less interconnection charges, and
- Status
- Prospective
- Sector
- Commercial, Telecommunications, Government, Manufacturing (Industrial)
- Location
- Honduras
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
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Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Celtel was awarded a 25 year concession contract to provide cellular phone services through one of the cellular bands in January 1995. Celtel is a consortium integrated by Motorola Inc., Millicom International, and Inversiones Rocafuerte. For its concession, Celtel had to make an infront payment of US$5.1 million, annual payments equivalent to 8% of gross revenues less interconnection charges, and US$7.30 per customer. Celtel started its commercial operation in September 1996. The company invested $71 million over the 6 years since 1996. In May 2005, Millicom anounced it had bought shares from motorola and increased its stake in Celtel to 66.7%. 2004-2009 investment generated by taking Central American telecom capital expenditure from Millicom and dividing it by respective number of customers, i.e. is a proxy of Millicom's total annual investment in their CA subsidiaries. |
Original sector | Information and communication technology (ICT) |
Procurement method | |
Budget |
Location
Country | Honduras |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Telecommunications, Government, Manufacturing (Industrial) |
Article published date | 2024-09-21 |
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