Millicom Completes $380 Million Acquisition of Telefónica Ecuador

Reuters10-31

Millicom Completes $380 Million Acquisition of Telefónica Ecuador

Millicom (Tigo) has completed its USD 380 million acquisition of Telefónica's telecommunications operations in Ecuador, expanding its footprint in South America. The move follows Millicom's recent entry into Uruguay and marks its eleventh market in the region. With Ecuador's stable, dollarized economy and growing demand for digital services, the acquisition is expected to strengthen Millicom's position as a leading digital connectivity provider in Latin America. The company highlighted Ecuador's positive economic outlook, youthful demographics, and increasing digital adoption as key factors supporting long-term growth and investment in the country's telecom sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millicom International Cellular SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001136095-en) on October 30, 2025, and is solely responsible for the information contained therein.

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