Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2025
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Source: Globenewswire
Millicom's Acquisition of Telefónica Ecuador: Millicom has signed a definitive agreement to acquire Telefónica's operations in Ecuador for USD 380 million, enhancing its strategic position and geographic diversification in Latin America, particularly in a stable, dollarized economy.
Ecuador's Telecom Sector Growth: The acquisition positions Millicom to capitalize on Ecuador's growing telecom market, which shows consistent growth in mobile and broadband services, supported by favorable regulatory conditions and macroeconomic stability.
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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.
