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M&A Deal Summary

Millicom International Cellular Acquires Telefonica - Telecommunications operations

On June 13, 2025, Millicom International Cellular acquired communications company Telefonica - Telecommunications operations from Telefonica for 380M USD

Acquisition Highlights
  • This is Millicom International Cellular’s 6th transaction in the Communications sector.
  • This is Millicom International Cellular’s 5th largest (disclosed) transaction.
  • This is Millicom International Cellular’s 1st transaction in Ecuador.

M&A Deal Summary
Date 2025-06-13
Target Telefonica - Telecommunications operations
Sector Communications
Buyer(s) Millicom International Cellular
Sellers(s) Telefonica
Deal Type Divestiture
Deal Value 380M USD

Target

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.

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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 8 of 8
Sector: Communications M&A 6 of 6
Type: Divestiture M&A Deals 3 of 3
Country: Ecuador M&A 1 of 1
Year: 2025 M&A 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 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.

Buy $440M

Seller(S) 1

SELLER

Telefonica

Madrid, Spain
Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
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 15 of 15
Sector: Communications M&A 10 of 10
Type: Divestiture M&A Deals 14 of 14
Country: Ecuador M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 BE-terna

Innsbruck, Austria

BE-terna is a full-service business software provider in the enterprise resource planning (ERP) marketplace based on MS Dynamics AX and Infor M3, as well as Business Intelligence (BI) and Customer Relationship Management (Microsoft Dynamics CRM). BE-terna is based in Innsbruck, Austria.

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