Tigo Honduras

What Tigo Honduras does

Tigo Honduras is a full-service telecommunications operator headquartered in Tegucigalpa, Honduras, and a wholly-owned subsidiary of Millicom International Cellular. Founded in 1996, the company provides mobile telephony (postpaid and prepaid via Super Recarga), residential internet over HFC and fiber (up to 400MB), digital and satellite television (ONEtv and DTH), mobile financial services (Tigo Money), and a portfolio of business solutions (cloud, cybersecurity, SD-WAN, IoT, video analytics, omnichannel communications). Tigo holds 93% territorial mobile coverage and 75% share of the internet market in Honduras, supported by a multi-channel distribution network that includes physical Tigo stores, the Mi Tigo self-service app (iOS, Android, Huawei), WhatsApp-based sales and support, call centers, and a dedicated Tigo Business Online portal for enterprise customers.

The company's technology stack spans 4G LTE with growing 5G capability, HFC and fiber-optic fixed access, DTH satellite, and an ISO 27001-referenced security posture. Revenue is generated through subscription mobile and fixed plans (postpaid L860-L2,800/month; residential internet L450-L1,399/month), usage-based prepaid top-ups and roaming packages, transaction fees on Tigo Money, and one-time device sales across flagship brands such as Apple, Samsung, Motorola, Xiaomi, and Honor. The customer base is segmented horizontally into Consumers, Entrepreneurs, Mid-Market, Corporations, and Residential households, with no concentration in a small set of anchor enterprise accounts. The company is currently executing a US$1 billion five-year (2026-2030) network investment plan to add 127 new sites, expand 4G coverage to 95% of the population, and reach 350,000 additional people, while also leveraging exclusive rights to broadcast all 104 FIFA World Cup 2026 matches as a content differentiator.

Name

Tigo Honduras

Legal name

Tigo Honduras

Website

https://tigo.com.hn

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tigo Honduras is the leading telecommunications provider in Honduras, operating as a Millicom subsidiary. It delivers mobile, residential internet, TV, mobile money, and business services to consumers, households, and enterprises, with 93% territorial coverage and 75% internet market share.

Ownership category

akta.pro rank

Headquarters

HQ city

Tegucigalpa

HQ country

Honduras

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Mobile Services (Postpago): Monthly subscription plans for mobile services including voice, data, and app access. Postpaid plans range from L860 to L2,800 per month with varying data allowances (45GB to unlimited GB).
2. Mobile Prepaid (Super Recarga): Prepaid top-up airtime and data packages with validity periods ranging from 1 to 30 days. Includes international roaming top-ups for USA and Spain.
3. Residential Internet: Home internet plans via HFC and fiber optic with speeds up to 400MB, bundled with TV services. Monthly plans from L450 to L1,399.
4. Television Services: Digital TV (ONEtv), satellite TV (DTH) in prepaid and postpaid variants. Includes premium content add-ons (HBO Max, Disney+, Paramount+, VIX, Universal+).
5. Tigo Money (Mobile Wallet): Digital financial services including person-to-person transfers, bill payments, service payments, and international remittances with transaction fees.
6. Business/Enterprise Services: Cloud, cybersecurity, connectivity, voice and data, and advanced solutions for entrepreneurs, SMBs, and large enterprises.
7. Device Sales: Smartphone sales bundled with postpaid plans or as outright purchases. Major brands include Apple iPhone, Samsung, Motorola, Xiaomi, Honor, ZTE, OPPO.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Tigo Honduras is a full-service telecommunications operator offering mobile (postpaid and prepaid), residential internet via HFC and fiber, digital and satellite TV, and mobile money services (Tigo Money). It also provides enterprise solutions through Tigo Business, including cloud, cybersecurity, SD-WAN, IoT, connectivity, and voice/data services tailored to entrepreneurs, mid-market companies, and large corporations. The company operates a 4G/5G mobile network with 93% territorial coverage in Honduras.

Product overview

Tigo Honduras operates as a full-service telecommunications provider under Millicom, offering a converged product portfolio across consumer and business segments. Consumer offerings center on mobile services (Postpago postpaid and Super Recarga prepaid), residential services (Internet, ONEtv IPTV, and Satellite TV via Tigo Total bundles), and digital financial services (Tigo Money). Premium content integrations include Disney+, HBO Max, Paramount+, Universal+, and VIX Premium. Tigo Business serves Entrepreneurs, Medium businesses, and Corporations with specialized solutions including Cloud, Ciberseguridad (cybersecurity), Conectividad (connectivity), Voz y Datos, and advanced solutions such as IoT, Videoanalítica, and Omnichat. The company holds exclusive rights to broadcast all 104 FIFA World Cup 2026 matches in Honduras and is executing a US$1 billion network expansion plan through 2030.

Differentiator

Problem solved

Functional benefit

Brands

• Mi Tigo: Self-service platform for customers to manage their accounts, pay bills, check usage, and purchase services
• Tigo Money
• Tigo Sports
• Tigo Business
• ONEtv
• WiFi+

Products and services

• Postpago (Postpaid Mobile Plans) Monthly postpaid mobile plans for consumers with included data, voice, and app access. Plans range from 45GB to GB Ilimitados, priced from L860 to L2,800 per month. Includes international roaming on select plans and streaming app bundles.
• Super Recarga (Prepaid Top-up) Prepaid mobile airtime and data packages for consumers with validity periods from 1 to 30 days. Includes Super Recarga plans, Paquetigos add-ons, and international top-up options for USA and Spain users to send airtime to Honduras.
• Tigo Total Convergent service bundle combining residential internet, TV digital, and mobile postpaid plan in a single package. Includes Tigo Sports access for FIFA World Cup 2026 and streaming platform add-ons.
• Internet Residencial Residential broadband internet service for households with speeds up to 400MB delivered via HFC and fiber optic infrastructure. Includes WiFi+ mesh network option for whole-home coverage. Plans range from L450 to L1,399 per month.
• ONEtv IP-based digital TV service for residential customers with live TV, streaming app integration (YouTube, HBO Max, Prime Video, Google Play), voice control, and cloud DVR with 20 hours of recording. Multi-screen capable.
• Plan Satelital (DTH Satellite TV) Direct-to-Home (DTH) satellite television service available in prepaid and postpaid variants. Channel packages range from 58 to 82 channels including HD channels, with kits starting at L1,850 and monthly plans from L440-L540.
• Tigo Sports Sports content platform with exclusive rights to broadcast all 104 FIFA World Cup 2026 matches. Available across TV channels 300/301, mobile app, web streaming, and satellite channels 10/13.
• Tigo Money Digital wallet and mobile money service enabling person-to-person money transfers, bill payments, airtime purchases, service payments, and international remittances. Operates as a financial inclusion tool for unbanked and underbanked customers.
• Mi Tigo Self-service platform for account management, bill payment, plan purchases, consumption monitoring, and eSIM activation. Available as mobile app on iOS, Android, and Huawei AppGallery, plus web portal.
• Roaming Internacional International data roaming service with Roaming Libre (Americas) and Roaming Global (worldwide) options for Tigo mobile customers traveling abroad. Available as daily and 30-day packages priced in USD and EUR.
• Tigo Internacional International prepaid top-up service allowing users in the USA and Spain to send airtime and data bundles to family members in Honduras via app.internacional.tigo.com. Includes Tigo Sports access during FIFA World Cup.
• Smartphones Mobile device retail offering smartphones from Apple, Samsung, Motorola, Xiaomi, Honor, and ZTE sold bundled with postpaid plans or as outright purchases.
• Tigo Security Mobile security service protecting customer devices from threats and data leaks. Subscription priced at L30 per month.
• Tigo Business Business telecommunications platform serving Entrepreneurs, Medium businesses (Medianas), and Corporations (Corporaciones). Includes cloud, cybersecurity, connectivity, voice/data, and advanced solutions (SD-WAN, IoT, video analytics, Omnichat).
• WiFi+ Whole-home WiFi mesh networking solution using ARRIS VAP4641 extenders with Wi-Fi CERTIFIED EasyMesh, Smart Roaming technology, Gigabit Ethernet ports, and a companion mobile app for network management, parental controls, and device control.
• FIFA World Cup 2026 Coverage

Quantifiable outcome

• 93% territorial coverage across Honduras
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability5 records

Feature5 records

Partnerships

One partnership is on record.

• Honduran Institute of Education by Radio (Instituto Hondureño de Educación por Radio)coreStrategic or Co-development Partner · 17 March 2026Cooperation agreement to provide free connectivity to over 33,000 students across Honduras, supporting educational access in underserved communities through the telecommunications network expansion initiative.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Millicom International Cellular: Parent company that owns and operates the Tigo brand across multiple Latin American markets including Honduras. Directly comparable operating model, technology stack, and product portfolio; Tigo Honduras is one operating subsidiary within Millicom's broader regional footprint.
• América Móvil: Parent of Claro and the dominant telecom incumbent across Latin America. Comparable in scale, converged mobile/fixed product set, and operational footprint; Tigo Honduras competes against América Móvil's Honduras subsidiary while Millicom competes against it regionally.
• Telefónica Hispanoamérica: Major Latin American telecom operator with mobile and fixed-line services across multiple countries. Operates comparable converged telecom services, large-scale network infrastructure, and business solutions; relevant as a regional telco comparable.

Direct peers

• Claro Honduras: América Móvil's mobile and fixed-line brand in Honduras and the principal competitor to Tigo across postpaid, prepaid, and residential internet. Operates the same product categories (4G/5G mobile, fiber internet, pay TV) under the same converged telecom model.
• Tigo Guatemala: Sister Millicom operation in Guatemala offering the same Tigo mobile, internet, TV, and Tigo Money product suite. Most directly comparable in operating model, branding, pricing tiers, and customer GTM; serves as the regional benchmark for Tigo Honduras unit economics.
• Liberty Communications Honduras: Liberty Latin America subsidiary providing cable TV, broadband, and fixed telephony in Honduras. Competes with Tigo in residential internet and pay TV, overlapping directly with Tigo Total bundles and ONEtv.
• Tigo El Salvador: Sister Millicom operation in El Salvador with the same Tigo mobile, internet, TV, and Tigo Money portfolio. Comparable pricing architecture, convergent bundles, and GTM motion; provides a relevant reference point for Central American unit economics.
• Tigo Costa Rica: Another sister Millicom operation in Costa Rica offering the same Tigo product portfolio and pricing model. Comparable operating cadence, customer segmentation, and product roadmap, providing a directly relevant regional peer.

Regional players

• Grupo ICE (Instituto Costarricense de Electricidad): State-owned Costa Rican telecom operator offering mobile, fixed, and broadband services under the Kölbi brand. Comparable in product breadth across mobile and residential internet but operates in a different Central American market from Tigo Honduras.
• Telecable Honduras: Local Honduran cable and broadband provider serving residential and SME customers with pay TV and internet. Directly comparable in fixed internet and TV segments where it competes with Tigo's HFC, fiber, and ONEtv offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights7 records

Customer concentration

• Xx.com/tigohn
• YouTubeyoutube.com/user/tigohonduras
• Facebookfacebook.com/tigohonduras
• Instagraminstagram.com/tigohonduras

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tigo Honduras