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Honduras awards America Movil, Millicom 4G licenses

TEGUCIGALPA, Oct 1 (Reuters) - Honduras has awarded Mexican telecoms giant America Movil and emerging markets telecoms group Millicom licenses to offer 4G high-speed mobile services, telecoms commission Conatel said on Tuesday.

America Movil operates under the brand Claro in Honduras, while Millicom operates under the name Tigo. The licenses cost $12.05 million each.

The companies must start operating 4G networks within 18 months, Conatel said.