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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.

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TEF   neutral

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