Honduras awards America Movil, Millicom 4G licenses

TEGUCIGALPA Tue Oct 1, 2013 8:29pm EDT

TEGUCIGALPA Oct 1 (Reuters) - Honduras has awarded Mexican telecoms giant America Movil and emerging markets telecoms group Millicom licenses to offer 4G high-speed mobile services, telecoms commission Conatel said on Tuesday.

America Movil operates under the brand Claro in Honduras, while Millicom operates under the name Tigo. The licenses cost $12.05 million each.

The companies must start operating 4G networks within 18 months, Conatel said.