El Salvador Extends Cellular License

Millicom International Cellular says that its subsidiary Telemovil has extended its cellular license in El Salvador. Telemovil's license in El Salvador was due for renewal in 2006 but it has agreed new license terms with the Regulator that will bring it into line with the other licenses in the market, so that Telemovil's license will now expire in 2018.

Marc Beuls, President and CEO commented: "El Salvador is a very attractive market and we are pleased to have agreed terms for the extenson of our license at an early date and on good terms. Telemovil has recently launched GSM services in the market under the Tigo brand and this is driving strong subscriber growth."

Millicom International Cellular has operations in Asia, Latin America and Africa. It currently has a total of 16 cellular operations and licenses in 15 countries."

Posted to the site on 6th December 2004