M&A Deal Summary

Millicom International Cellular Acquires Telefónica SA - Telefonica CAM

On February 20, 2019, Millicom International Cellular acquired communications company Telefónica SA - Telefonica CAM from Telefonica for 1.7B USD

Acquisition Highlights
  • This is Millicom International Cellular’s 4th transaction in the Communications sector.
  • This is Millicom International Cellular’s largest (disclosed) transaction.
  • This is Millicom International Cellular’s 1st transaction in Spain.

M&A Deal Summary
Date 2019-02-20
Target Telefónica SA - Telefonica CAM
Sector Communications
Buyer(s) Millicom International Cellular
Sellers(s) Telefonica
Deal Type Divestiture
Deal Value 1.7B USD

Target

Telefónica SA - Telefonica CAM

Madrid, Spain
Telefónica SA - Telefonica CAM is the second largest mobile provider in Costa Rica, with about 8.7 million total customers. Telefonica CAM consists of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. (and its wholly owned subsidiary, Telefónica Gestión de Infraestructura y Sistemas de Costa Rica, S.A.) and Telefonía Celular de Nicaragua, S.A.

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Buyer(S) 1

Buyer

Millicom International Cellular

Luxembourg, Luxembourg
Category Company
Founded 1990
Sector Communications
Employees16,500
Revenue 5.7B USD (2023)
DESCRIPTION

Millicom International Cellular is a telecom company. Millicom International Cellular was incorporated in 1990 and is based in Luxembourg City.

DEAL STATS #
Overall 6 of 6
Sector (Communications) 4 of 4
Type (Divestiture) 2 of 2
Country (Spain) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-07 Cable Onda S.A.

Panama City, Panama

Cable Onda S.A. is the largest provider of Pay TV and fixed telecommunications services in Panama. As of December 31st, 2017, Cable Onda had approximately 2,300 employees and served 433,000 residential and 34,000 business and government customers.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Millicom International Cellular SA - Chad Business

Chad

Millicom International Cellular SA - Chad Business is a provider of digital services in the country, is in line with Millicom’s stated objective of increasing its focus on Latin America.

Sell -

Seller(S) 1

SELLER

Telefonica

Madrid, Spain
Category Company
Founded 1924
Sector Communications
Employees104,142
Revenue 40.7B EUR (2023)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.

DEAL STATS #
Overall 11 of 14
Sector (Communications) 6 of 9
Type (Divestiture) 10 of 13
Country (Spain) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Seguros de Vida y Pensiones Antares S.A.

Madrid, Argentina

Seguros de Vida y Pensiones Antares S.A. is a personal insurance company, operating in the life, accident and health lines for private clients and corporate groups.

Sell €161M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Liberty Global and Telefonica - UK Joint Venture

United Kingdom

Liberty Global and Telefonica - UK Joint Venture consists of Virgin Media and O2. The combination of Virgin Media and O2 will create a nationwide integrated communications provider with over 46 million video, broadband, and mobile subscribers and £11 billion of revenue.

Buy -
Mergr

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