Economia
Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint
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: “ ”
With operations now spanning eleven countries, Millicom reinforces its position as one of Latin America’s leading telecommunications groups. The company continues to advance digital inclusion and innovation, investing in next-generation networks and services that enable individuals, businesses, and governments to thrive in an increasingly digital world.
-END-
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of June 30, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti