Millicom (Tigo) to Acquire Telefónica’s Operations in Uruguay for USD 440 Million, Expanding Presence in South America
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
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Source: Globenewswire
Millicom's Acquisition: Millicom has agreed to acquire Telefónica’s operations in Uruguay for USD 440 million, enhancing its presence in South America and expected to be EFCF accretive by 2026, while diversifying cash flow sources in a stable economic environment.
Strategic Benefits: The acquisition is anticipated to create significant operational synergies, strengthen Millicom's digital ecosystem, and support its mission for digital inclusion and sustainable development in Latin America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
