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Trusted by
Acquiring Company
Millicom
Acquired Company
Movistar
Luxembourg City
ColombiaHardwareMobileTelecommunicationsHardwareSatellite CommunicationVoipDescription
Millicom has successfully acquired Movistar's parent company, Colombia Telecomunicaciones, leading to the rebranding of Movistar to Tigo in Colombia. This merger affects a significant share of the telecommunications market, promoting competition against Claro. Tigo plans to invest $2.6 billion to enhance services and connectivity across the country.
Fundz sees it the moment Millicom makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Movistar?
Movistar was acquired by Millicom, based in Luxembourg City. The deal was reported on October 17, 2026. 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 Movistar?
Millicom's acquisition of Movistar was reported on October 17, 2026. Millicom has successfully acquired Movistar's parent company, Colombia Telecomunicaciones, leading to the rebranding of Movistar to Tigo in Colombia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Movistar do?
Movistar is a prominent telecommunications operator in Colombia, owned by Telefonica of Spain. It offers a wide range of communication services including mobile and fixed-line telephony, as well as internet services. It is privately held, operating in Hardware, and is based in Colombia.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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