Bolivia's second-largest mobile operator has quietly become one of Latin America's most stable telecoms cash machines — fully owned by Luxembourg-based Millicom, yet funded in large part by Bolivian pension savings. Key Facts — Telefónica Celular de Bolivia S.A. (Telecel S.A.) Full nameTelefónica Celular de Bolivia S.A. (Telecel S.A.) Ticker / ExchangeTCB (bonds) — Bolsa Boliviana de Valores (BBV); bond-issuer only, no listed equity HeadquartersSanta Cruz de la Sierra, Bolivia SectorTelecommunications (mobile, broadband, pay-TV) Employees~3,852 (2025 est.) Market value (equity)Not listed; outstanding bonds BOB 600.7 (US$61)M (~$61M) rated AA2/stable Yearly …
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