millicom

Millicom, Tigo’s parent company, has put Venezuela back on its radar. Its CEO, Marcelo Benítez, said the company is keeping a close eye on the country, but that any significant investment depends on a series of conditions being met—conditions that are still not entirely clear. It’s not a firm no: it’s more of a “we’ll see,” with no set timeline.
The executive’s key point was that Venezuela appears to him to be a country beginning a transformation, and that the company is closely monitoring how its institutional framework evolves and how long-term foreign capital is treated. In plain English: there’s interest, but the company is also doing the math.