Millicom International Cellular SA ( (TIGO) ) just unveiled an update.
On March 12, 2025, Millicom International Cellular S.A. announced a definitive agreement to acquire Telefonica’s 67.5% equity stake in Coltel, with plans to offer to purchase the remaining shares from other investors. This acquisition aims to create a robust telecom entity in Colombia, enhancing the country’s telecom sector and supporting its digital inclusion goals. Millicom also plans to acquire its partner’s 50% stake in UNE. This strategic move is expected to strengthen Millicom’s presence in Colombia, accelerate digital transformation, and contribute to the country’s growth and competitiveness.
More about Millicom International Cellular SA
Millicom International Cellular S.A., headquartered in Luxembourg, is a leading provider of fixed and mobile telecommunications services in Latin America. Operating under the TIGO and Tigo Business brands, the company offers a wide range of digital services including mobile financial services, local entertainment, pay TV, high-speed data, voice, and business solutions such as cloud and security. As of December 31, 2024, Millicom served over 46 million customers and employed approximately 14,000 people.
YTD Price Performance: 24.82%
Average Trading Volume: 453,819
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.93B
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