Millicom Acquires Telefónica Ecuador for $380M, Strengthening South American Presence

Millicom (Tigo) has acquired Telefónica Ecuador for $380 million, expanding its presence in South America and strengthening its digital connectivity services. The acquisition marks Millicom's entry into a new market with solid macroeconomic fundamentals and a high demand for advanced digital services. With operations in 11 countries, Millicom reinforces its position as a leading telecommunications group in Latin America.