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News  ›  GlobeNewswire Inc.

Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Millicom International Cellular S.A.
Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint

Millicom has acquired Telefónica's telecommunications operations in Ecuador for $380 million, expanding its South American presence and entering a new market with strong digital service potential.

Insights
TEF   neutral

Selling operations in Ecuador, likely as part of a strategic portfolio restructuring