Millicom Expands in South America with Telefónica Ecuador Acquisition

Millicom International Cellular SA ( (TIGO) ) just unveiled an update.

On June 13, 2025, Millicom International Cellular S.A. announced its acquisition of Telefónica’s telecommunications operations in Ecuador for USD 380 million. This strategic move enhances Millicom’s presence in South America, particularly in Ecuador’s stable, dollarized economy, and supports its long-term growth and diversification strategy. The acquisition is expected to bolster Millicom’s regional footprint, commercial reach, and cash flow resilience, while also providing a platform for digital transformation and innovation in Ecuador’s growing telecom sector.

The most recent analyst rating on (TIGO) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Millicom International Cellular SA stock, see the TIGO Stock Forecast page.

Spark’s Take on TIGO Stock

According to Spark, TipRanks’ AI Analyst, TIGO is a Outperform.

Millicom International Cellular SA has a solid financial foundation, with strong operational efficiency and cash flow generation supporting future growth. The stock demonstrates positive technical momentum, although valuations are influenced by leverage and currency impacts. The recent earnings call underscores strategic improvements and growth prospects. These factors combine to reflect a moderately strong stock performance outlook.

To see Spark’s full report on TIGO stock, click here.

More about Millicom International Cellular SA

Millicom International Cellular S.A., operating under the TIGO and Tigo Business brands, is a prominent provider of fixed and mobile telecommunications services in Latin America. The company offers a diverse range of digital services, including mobile financial services, local entertainment, pay TV, high-speed data, voice, and business-to-business solutions. As of March 31, 2025, Millicom served over 46 million customers and had a significant fiber-cable footprint, with its headquarters in Luxembourg and principal executive offices in Doral, Florida.

Average Trading Volume: 962,551

Technical Sentiment Signal: Buy

Current Market Cap: $6.48B

Find detailed analytics on TIGO stock on TipRanks’ Stock Analysis page.