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Millicom Acquires Telefónica Ecuador for $380M, Strengthening South American Presence
ByAinvest
Thursday, Oct 30, 2025 6:01 pm ET1min read
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.
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