Millicom (Tigo) completes acquisition of Telefónica in Uruguay, strengthening its regional footprint in South America [Yahoo! Finance]
Millicom International Cellular S.A. (TIGO)
Last millicom international cellular s.a. earnings: 5/1 04:01 pm
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Source: Yahoo! Finance
Luxembourg, October 7, 2025 – Millicom International Cellular S.A. (“Millicom”) today announced that, following final approval from the Government of Uruguay, it has completed the acquisition of 100% of Telefónica Móviles del Uruguay S.A. (Movistar) for an enterprise value of USD 440 million. With this milestone transaction, Millicom officially enters the Uruguayan market, further consolidating its presence in South America and reinforcing its position as a leading regional telecommunications provider. “This acquisition marks a decisive step in our growth strategy,” said Marcelo Benitez, CEO of Millicom. “We are thrilled to establish a presence in Uruguay – a country known for its stability and clear vision for digital transformation. We see tremendous value in the country's talent, and our commitment is to invest in infrastructure, foster innovation, and create new opportunities that drive long-term digital growth.” The transaction is expected to generate synergies across networ
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TIGO
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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