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SDG Engagement High Yield Credit commentary: Millicom

Millicom is a telecommunications service provider that delivers mobile, fixed-line broadband and pay-for TV services to businesses and households in nine Latin American countries.

Operating under the widely recognised brand ‘Tigo’, Millicom is the number one or number two provider in most of its end markets. It also benefits from a diverse geographic footprint with favourable market dynamics: 4G penetration tends to be low but demand for connectivity is high, and underlying macroeconomic trends are healthy.

When engaging a telecoms company with services in emerging markets, we examine said company’s strategy in relation to the SDGs. Does it aim to bring digital and voice services to people who previously had little access due to factors such as affordability, unfamiliarity with technology, or lack of resilient infrastructure? To drive greater impact, strategies can include a pointed focus on electronic equipment and digital services that are responsive to specific national or regional social needs.


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