Millicom announced it will be investing $135 million over the next two to three years to upgrade its mobile network in partnership with Ericsson in three key Latin American markets: Honduras, Paraguay and Bolivia. COVID-19 has accelerated the digital wave and need for connectivity region-wide, and Millicom needs additional capacity to manage its increased traffic as it continues to expand its network in the region. Partnering with Ericsson will enable Millicom to achieve this by modernizing its networks with LTE, 5G-ready technology for greater speed and enhanced customer experience. The main new functionality introduced with this modernization is carrier aggregation, which allows the combination of different parts of the spectrum. Millicom will modernize its network using the latest Ericsson Radio System products and solutions, paving the way for 5G deployment across the continent. Ericsson will also replace TIGOs current 4G packet core and introduce Ericssons dual-mode 5G Core as part of the project. This modernization is expected to have a significant impact on TIGOs network performance.