Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint
Millicom International Cellular S.A. (TIGO)
Last millicom international cellular s.a. earnings: 5/1 04:01 pm
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Source: GlobeNewswire
Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint Luxembourg, October 30, 2025 – Millicom International Cellular S.A. (“Millicom”) today announced the successful completion of its USD 380 million acquisition of Telefónica’s telecommunications operations in Ecuador. This transaction represents another major step in Millicom’s strategy to deepen its presence in South America, following the company’s recent acquisition of Telefónica Uruguay. With this addition, Millicom expands its footprint into a new, high-potential market—Ecuador, a dollarized economy characterized by stability, solid macroeconomic fundamentals, and a strong demand for advanced digital services. Marcelo Benitez, CEO of Millicom, commented: “This acquisition underscores our long-term confidence in Latin America and further consolidates Millicom’s leadership as a premier digital connectivity provider in the region. By entering Ecuador, we strengthen our platfo
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TIGO
Earnings
- 11/6/25 - Beat
TIGO
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/12/25 - Form 6-K
- 11/6/25 - Form 6-K
- TIGO's page on the SEC website