Honduras awards America Movil, Millicom 4G licenses

Reuters
The logo of America Movil is seen on the wall of the reception area in the company's corporate offices in Mexico City February 13, 2013. REUTERS/Edgard Garrido

TEGUCIGALPA (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. (Reporting by Gustavo Palencia; Editing by Edwina Gibbs)