#Millicom Set to Revolutionize Uruguayan Telecom Market with $440 Million Telef�nica Acquisition,

Millicom to Acquire Telefónica’s Operations in Uruguay - Inside Towers

Millicom International Cellular (NASDAQ: TIGO) announced a definitive agreement to acquire 100 percent of Telefónica’s (NYSE: TEF) mobile operations in Uruguay for an enterprise value of $440 million. The companies say this strategic acquisition aligns with Telefónica’s goal to reduce its presence in Latin America and enables Millicom to consolidate its leadership position in South America. Millicom expects the transaction to be equity free cash…

Telefónica after approval of the Regular Procurement Procedure: “Allows us to strengthen our financial position”The European exchanges open with 0.50% drops dragged by Asia and Wall StreetTelefónica announced its departure from the Uruguayan market with the sale of its operation to Millicom Spain for US$440 million, thus marking its departure from the fourth country of Latin America. MORE INFORMATION: Wall Street opens mixed after approval of th…

Telefónica exits Uruguay in $440m Millicom deal

News The move marks another step in the company’s Latin American retreat  Telefónica has agreed to sell its entire stake in Telefónica Móviles del Uruguay to Millicom for $440 million, continuing its withdrawal from Latin America.  The company confirmed the agreement in a regulatory filing this week, stating that Millicom Spain will acquire 100% of its Uruguayan mobile business, which operates under the Movistar brand.   The deal remains subject…

Telefónica finalises another Hispam exit with €389m Uruguay sale

Telefónica to sell Uruguayan business to Millicom International Cellular for US$440m (€389m), as Hispam disposals are accelerated to fuel Group’s consolidation ambitions in Spanish and European markets.

Millicom to buy Telefonica unit in Uruguay for $440M

Telefonica reached a deal with Millicom to sell its division in Uruguay for $440 million, the latest move in the Spanish operator group’s efforts to slim down its Latin America operations. In a statement on the acquisition, which is subject to regulatory approvals, Millicom pointed to expected benefits from infrastructure and commercial synergies with existing operations in Paraguay and Bolivia. The buyer asserted the move would “consolidate its…

#Millicom Set to Revolutionize Uruguayan Telecom Market with $440 Million Telef�nica Acquisition,

'Millicom's Strategic Move: Expanding Its Footprint in South America with $440 Million Acquisition of Telef�nica's Uruguay Operations' In a significant development for the telecommunications sector in South America, Millicom International Cellular S.A. has announced its intention to acquire Telef�nica's operations in Uruguay for a substantial $440 million. This acquisition marks a pivotal step for Millicom, known for its Tigo brand, as it seeks …