Millicom (TIGO) announced it has entered into a definitive agreement to acquire 100% of Telefonica Moviles del Uruguay for an enterprise value of $440M. This strategic acquisition aligns with Telefonica’s regional repositioning and enables Millicom to consolidate its leadership position in South America. Millicom expects the transaction to be EFCF accretive as early as 2026, driven by operational efficiencies and integration with its existing regional footprint. Upon closing, the company anticipates immediate scale benefits, enhanced synergies, and long-term value creation across its Latin American platform. The deal is expected to temporarily increase Millicom’s leverage by approximately 0.1x. The transaction remains subject to customary closing conditions, including regulatory approvals.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TIGO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue