Millicom (TIGO) Form 6-K Summary
Millicom announced the completion of its acquisition of Telefónica Ecuador for USD $380 Million. This move solidifies its strategic expansion across South America, following the recent Uruguay acquisition.
- Strategic Growth: Entry into Ecuador reinforces Millicom’s leadership across 11 Latin American markets.
- Market Appeal: Ecuador is highlighted as a dollarized economy with solid macroeconomic fundamentals (low inflation, projected GDP growth ~1.7-2.0%).
- Operational Gain: Acquires the #2 mobile operator in a market with gro