M&A Deal Summary

Millicom International Cellular Acquires Telefónica Uruguay

On May 21, 2025, Millicom International Cellular acquired communications company Telefónica Uruguay for 440M USD

Acquisition Highlights
  • This is Millicom International Cellular’s 5th transaction in the Communications sector.
  • This is Millicom International Cellular’s 4th largest (disclosed) transaction.
  • This is Millicom International Cellular’s 1st transaction in Uruguay.

M&A Deal Summary

Date 2025-05-21
Target Telefónica Uruguay
Sector Communications
Buyer(s) Millicom International Cellular
Deal Type Add-on Acquisition
Deal Value 440M USD

Target

Telefónica Uruguay

Montevideo, Uruguay
Telefónica Uruguay is a provider of telecommunications, innovation, and connectivity solutions for businesses and consumers. Telefónica Uruguay is based in Montevideo, Uruguay.

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Buyer(S) 1

Buyer

Millicom International Cellular

Luxembourg, Luxembourg

Category Company
Founded 1990
Sector Communications
Employees14,000
Revenue 5.8B USD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 7 of 8
Sector: Communications M&A 5 of 6
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Uruguay M&A 1 of 1
Year: 2025 M&A 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-13 Telefonica - Telecommunications operations

Quito, Ecuador

Telefonica's Telecommunications operations provide fixed-line and mobile telephony, broadband internet, and digital television services. Telefonica's telecommunications operations are based in Quito, Ecuador.

Buy $380M