Tigo Paraguay, also known as Telecel S.A.E and Telefonica Celular del Paraguay, is a privately owned company headquartered in Paraguay and a subsidiary of Tigo (Millicom), operating as the primary South American subsidiary of Millicom International Cellular S.A. Founded in 1992, with an estimated 2,820 employees, it reported $578.0M in revenue as of 2025. It operates as a tier 2 media tech buyer. The company specializes in telecommunications and digital services, coordinating an integrated network infrastructure layer spanning mobile telephony, nationwide fiber-optic broadband, subscription television services, and mobile financial services. It functions as a B2B and B2C commercial gateway across rural, urban, and corporate enterprises throughout the country.
On August 7, 2026, Tigo (Millicom) and Personal (Telecom Argentina) secured licenses for 5G-compatible spectrum in Paraguay. The country's communications regulator Conatel awarded the spectrum in the 2.3 GHz and 3.5 GHz frequency bands during the second tender, noting that Tigo and Personal were the sole bidders. This followed rivals Claro and Nubicom previously obtaining 5G spectrum in last year's 3.5 GHz band tender.
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Tigo Paraguay offers 6 products in the media and telecoms services industry. Tigo Paraguay's product portfolio comprises of telecoms, media and TV services and consumer electronics.
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Tigo Paraguay's revenues were less than $1B in 2025. Caretta Research has split Tigo Paraguay's revenue into 6 different product categories, the largest of which is mobile services. For full access to Tigo Paraguay's revenue breakdown subscribe to Caretta Portal.
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