Acquiring Company
Millicom
Acquired Company
Telefónica Móviles del Uruguay
LuxembourgHardwareMobileTelecommunicationsTelecommunicationsDescription
Millicom has completed the acquisition of 100% of Telefónica Móviles del Uruguay for an enterprise value of USD 440 million. This acquisition marks Millicom's entry into the Uruguayan market, enhancing its position in South America. The transaction is expected to generate significant synergies and contribute positively to free cash flow starting in 2026. Millicom aims to invest in the region's infrastructure and drive digital growth.
Quick answer
Millicom is acquiring Telefónica Móviles del Uruguay, announced October 7, 2025. Millicom is based in Luxembourg.
- How much did Millicom pay for Telefónica Móviles del Uruguay?
- The deal value was not disclosed.
- What does Millicom do?
- Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America.
- Where are Millicom and Telefónica Móviles del Uruguay based?
- Millicom is based in Luxembourg.
- Who are the decision-makers at Millicom?
- Fundz holds 1 contact at Millicom. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Millicom, and when
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Frequently asked
Who acquired Telefónica Móviles del Uruguay?
Telefónica Móviles del Uruguay was acquired by Millicom, based in Luxembourg. The deal was reported on October 7, 2025. Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Millicom is publicly traded (TIGO) and operates in Hardware.
When did Millicom acquire Telefónica Móviles del Uruguay?
Millicom's acquisition of Telefónica Móviles del Uruguay was reported on October 7, 2025. Millicom has completed the acquisition of 100% of Telefónica Móviles del Uruguay for an enterprise value of USD 440 million. This acquisition marks Millicom's entry into the Uruguayan market, enhancing its position in South America. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Telefónica Móviles del Uruguay do?
Telefónica Móviles del Uruguay, operating under the brand Movistar, is a major telecommunications provider in Uruguay. The company offers mobile and fixed telephony, broadband, and digital services. It is privately held, operating in Telecommunications.
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