---
title: Millicom to inject $700m into Central America - Developing Telecoms
description: Millicom revealed plans to invest US$700 million into its central American mobile and broadband networks in response to a call to action from US vice president Kamala Harris.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/13581-millicom-to-inject-700m-into-central-america.html
language: en-GB
date: 2022-06-08T11:06:27Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/13581-millicom-to-inject-700m-into-central-america.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1096
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/13581-millicom-to-inject-700m-into-central-america.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Millicom to inject $700m into Central America

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     08 June 2022     8679 views   

 

  ![Millicom to inject $700m into Central America](https://developingtelecoms.com/images/stories/Places/800x600/Guatemala_city_600.jpg)  

 

Millicom revealed plans to invest US$700 million into its central American mobile and broadband networks in response to a call to action from US vice president Kamala Harris.

In a statement, Millicom detailed it will spend the money on fixed and mobile broadband networks in Guatemala, Honduras and El Salvador over the next two years.

Harris lobbied last year by launching the Partnership for Central America (PCA) organisation, which looks to drum up investments for economic growth in the region.

According to data from Millicom, half of the population of Central America have a 4G smartphone, however, adoption is rising due to coverage standing at 80-90%.

Only 30-40% of households have access to reliable broadband and in the last five years over one million houses were built per year with fibre cable.

Millicom stated there has been a 10% increase in penetration of mobile broadband services which carries an almost 2% increase in GDP in markets where it operates.

The investment is in line with the United Nations-backed campaign Race to Zero which promotes zero-carbon recovery.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/essential-reading.com\/#manny_pham_133554b7e2"
            },
            "dateModified": "2022-06-08T11:06:27Z",
            "datePublished": "2022-06-08T11:06:27Z",
            "description": "Millicom revealed plans to invest US$700 million into its central American mobile and broadband networks in response to a call to action from US vice president Kamala Harris.",
            "headline": "Millicom to inject $700m into Central America",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/Guatemala_city_600.jpg",
                    "caption": "",
                    "description": "Millicom to inject $700m into Central America",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/essential-reading.com\/telecom-business\/operator-news\/13581-millicom-to-inject-700m-into-central-america.html"
            },
            "publisher": {
                "@id": "https:\/\/essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/essential-reading.com\/telecom-business\/operator-news\/13581-millicom-to-inject-700m-into-central-america.html"
        },
        {
            "@type": "Person",
            "name": "Manny Pham",
            "@id": "https:\/\/essential-reading.com\/#manny_pham_133554b7e2"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->