U.S. markets closed
  • S&P Futures

    3,963.50
    +1.50 (+0.04%)
     
  • Dow Futures

    33,868.00
    +11.00 (+0.03%)
     
  • Nasdaq Futures

    11,524.50
    -0.25 (-0.00%)
     
  • Russell 2000 Futures

    1,838.80
    +1.00 (+0.05%)
     
  • Crude Oil

    79.05
    +0.85 (+1.09%)
     
  • Gold

    1,749.80
    +1.40 (+0.08%)
     
  • Silver

    21.41
    -0.03 (-0.12%)
     
  • EUR/USD

    1.0341
    +0.0006 (+0.06%)
     
  • 10-Yr Bond

    3.7480
    +0.0450 (+1.22%)
     
  • Vix

    21.89
    -0.32 (-1.44%)
     
  • GBP/USD

    1.1970
    +0.0020 (+0.17%)
     
  • USD/JPY

    138.6550
    +0.0210 (+0.02%)
     
  • BTC-USD

    16,859.21
    +671.17 (+4.15%)
     
  • CMC Crypto 200

    400.75
    +12.03 (+3.09%)
     
  • FTSE 100

    7,512.00
    +37.98 (+0.51%)
     
  • Nikkei 225

    27,857.28
    -170.56 (-0.61%)
     

Millicom To Incur $135M To Update Ericsson's Mobile Networks Partnership In Honduras, Paraguay, Bolivia

  • Millicom International Cellular SA (NASDAQ: TIGO) will be investing 5 million over the next two to three years to upgrade its mobile network in partnership with Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) in three critical Latin American markets, Honduras, Paraguay, and Bolivia.

  • The collaboration will enable Millicom to achieve the additional capacity to manage the pandemic-driven traffic surge by modernizing its networks with LTE, 5G-ready technology.

  • Millicom will modernize its network using the latest Ericsson Radio System products and solutions, paving the way for 5G deployment across the continent.

  • Ericsson will also replace TIGO's current 4G packet core and introduce Ericsson's dual-mode 5G Core as part of the project.

  • Millicom held $780 million in cash and equivalents as of Mar. 31, 2021.

  • Price action: ERIC shares traded lower by 0.69% at $12.95, and TIGO shares traded higher by 1.30% at $39.83 on the last check Thursday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.