This announcement comes in the context of the call to action by the Vice President of the United States, Kamala Harris, and the response of the Partnership for Central America (PCA) where Millicom I TIGO participates as an active member.

These funds will strengthen the company's efforts to accelerate economic growth in the region through improved digital infrastructure, ensuring greater connectivity for these communities.

Likewise, Millicom (Tigo) CEO, Mauricio Ramos, will participate in the first meeting with the U.S. Vice President, along with other companies that are part of the Alliance for Central America, created as an independent organization to manage investments and coordinate private sector projects that support Vice President Kamala Harris' call to action.

The partnership is also working to coordinate joint initiatives in digital, financial, health, education and energy programs that will drive the development of more than 15 million people throughout the region.

With this investment, Millicom (Tigo) continues to reinforce its purpose of building the digital highways that connect people, improve lives and develop communities, especially in regions that show great potential for growth and development.

"With the right infrastructure, or digital highways as we call them at Tigo, we can make an incredible impact on the future of the region and its communities. This is why we continue to invest in our operations, to propel people, businesses and countries into a future of growth," said Mauricio Ramos, CEO of Millicom (Tigo).

On the development of digital infrastructure and its adoption in the region, Mauricio Ramos reported during his recent speech at the Mobile World Congress Barcelona 2022 that: On average, only half of the population uses a smartphone with 4G data. However, adoption is fast because 4G network coverage reaches 80-90%.

In addition, on average, only 30-40% of households in our markets have access to reliable broadband. However, in the last five years, Tigo has reached an average of 1M homes with fiber.

A 10% increase in mobile broadband penetration represents a growth of almost 2% of GDP in our markets. Therefore, the construction of these digital highways is imperative.

In El Salvador, Tigo has consistently invested in the expansion and modernization of its fixed and mobile networks. In 2019, the company committed to invest $500 million in digital infrastructure over the next five years, executing on this promise in an accelerated manner in the face of connectivity needs in the wake of the pandemic.

In 2021, Tigo increased the reach of its mobile network to 232 municipalities in the country, boosting digital access to more than 5 million people, with the vision of expanding its coverage to 70 municipalities in 14 departments of the country this year. In addition, the company continues to expand its residential internet and cable television services to areas that did not have these services.

Tigo promotes sustainable investment

The investment announced by CEO Mauricio Ramos is aligned with the Race to Zero initiative, the UN-backed campaign that promotes a healthy, sustainable, zero-carbon recovery. In addition, the company has submitted for validation, its short-term science-based targets, in line with a maximum increase of 1.5°C and the Paris Climate Agreement.

Similarly, Tigo has demonstrated a growing focus on education and digital empowerment, placing it at the center of its commitment to communities. Recently, the company launched its Conectadas online platform regionally, with a vision to empower more than 8,500 women in Guatemala, Honduras and El Salvador by 2022. Currently, the program has benefited more than 150,000 women since its first implementation.

Among the company's other initiatives is its alliance with Fundación Real Madrid, with the aim of fostering the comprehensive education of children and adolescents, while promoting the social inclusion of the most vulnerable members of society.

Finally, Millicom (Tigo) is also working hard in favor of gender equity in the region, because it recognizes that the strength of the company is a consequence of an inclusive environment, assuming gender parity goals for 2030 at all levels of leadership and representation of the organization worldwide.

The company continues to advance its positive impact and connect with strategic suppliers with similar policies, actively promoting the inclusion of other underrepresented groups in society.