Tigo Panama is a subsidiary of Millicom International Cellular SA, a Luxembourg-based telecommunications services provider. Millicom was established on December 14, 1990, and operates under the Tigo brand in several Latin American markets, including Panama. The primary shareholder of Millicom is Xavier Niel, a French billionaire who owns 27.13% of the company.
In 2018, Millicom expanded its presence in Panama by acquiring Cable Onda. The company continued to grow its Latin American footprint in 2019 by acquiring subsidiaries of Telefónica in Central America, including Panama. Millicom, through its Tigo brand, provides various digital services such as high-speed data, broadband, mobile, cable TV, voice and SMS, Mobile Financial Services, and business communications.