Millicom to Acquire Telefonica Ecuador for $380M

Dow Jones

06-14

By Stephen Nakrosis

Millicom International Cellular will buy Telefonica Ecuador's telecommunications operations in a deal valued at $380 million.

The acquisition enhances Millicom's regional footprint and commercial reach, and lays the foundation for innovation, digital inclusion, and sustained long-term growth, the company said Friday. The deal also enhances Millicom's geographic diversification, the company said.

Chief Executive Officer Marcelo Benitez said the acquisition reflects long-term confidence in Latin America and the company's commitment to purposeful, sustainable growth.

In May, Millicom agreed to acquire Telefonica's Uruguay operations of in a deal with an enterprise value of $440 million.

Millicom provides fixed and mobile telecommunications services in Latin America.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 13, 2025 18:18 ET (22:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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