TIGO acquires Telefónica Ecuador for $380M
Millicom International Cellular S.A. (TIGO) has acquired Telefónica's operations in Ecuador for $380M, enhancing its presence in South America. Announced on October 30, 2025, this acquisition follows a previous purchase in Uruguay, expanding Millicom's footprint in the region. Ecuador offers a stable economy and growing digital demand, aligning with Millicom's mission to promote digital inclusion. The company now operates in 11 countries.
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