Hand in hand LN with Mauricio Ramos: "Tigo Paraguay is the cradle of many actions worldwide"
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- 14 Sep 2022
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Tigo Paraguay received the CEO of Millicom International Cellular SA, Mauricio Ramos, who in his busy schedule gave an entertaining interview for the newspaper La Nación-Nación Media and the GEN channel of the same holding company, to share the reason for his visit; one of them the operator's 30th anniversary in the country, the company's achievements, advances as well as the projects and upcoming challenges to be met.
Ramos unfolded a central idea of ​​what Tigo Paraguay represents for Millicom, and stressed that "it is the cradle of many of the actions, including the brand, that we are doing worldwide." Mauritius has dual citizenship; Colombian and American, he has a degree in Economics and Law, he has a postgraduate degree in Financial Law from the Universidad de Los Andes in Bogotá. He joined Millicom in April 2015 as CEO and has been CEO since June 2020.
-Welcome to Paraguay once again, Mauricio. Tell us what it's like to come back in 5 years and what 30 years means for you and Millicom.
Thank you, delighted to be back because, as you know, Paraguay is the cradle, the origin of our Tigo brand, and we have already spent 30 wonderful years investing in this beautiful country, and the main reason for my visit is to make sure that we have another 30 years to keep doing it. But actually they bring me three topics; first visit the team, the bets we have been making, and share with customers after the pandemic on the one hand.
A second aspect is to review the investment plan for the future in the country, and thirdly, to celebrate 30 years with the team here and encompassing all of this, we will also be at the Invest in Paraguay Forum, which I believe that we, as great investors in this country, with great pride we are here to support.
-Tigo has been making heavy investments in the country. What is the count of these bets, what motivates them?
We have been here for 30 years, getting to know the country, the Paraguayans, 30 years of developing businesses, and we continue to like what we see ahead. And why we like Paraguay; one, public stability. This country is one that has been undergoing democratic transitions, there is macroeconomic stability, and although in the last two years we have seen a global crisis, that will pass and what will remain is a country in which inflation is controlled, the exchange rate is not devalued excessively, and the country is going to return to its growth path, which has averaged 4% in the last 10 years.
We believe and even bet that it will soon be an investment grade country. We also like the creation of the middle class in Paraguay like in no other country in Latin America, and this provides long-term stability, because this middle class wants to work, wants to develop and wants a better future for their children, and above all , which is a young country. Read More…
