Millicom International Cellular SA Expands in Latin America with $440M Acquisition
Millicom International Cellular SA, a leading provider of fixed and mobile telecommunications services, has made a strategic move to bolster its presence in Latin America. On May 22, 2025, the company announced its acquisition of Telefónica’s operations in Uruguay for $440 million. This acquisition marks a significant expansion for Millicom, further solidifying its footprint in the region.
The deal, which was confirmed through multiple sources including Di.se, Mobile World Live, and The Fast Mode, highlights Millicom’s commitment to strengthening its market position in Latin America. The acquisition is expected to enhance Millicom’s service offerings and customer base in Uruguay, a key market in the region.
Millicom, whose shares are traded on the Nasdaq, has demonstrated robust financial health with a market capitalization of $6.16 billion as of May 19, 2025. The company’s recent financial performance, including a close price of $36.74 and a 52-week high of $37.05, reflects investor confidence in its strategic initiatives.
In addition to the acquisition, Millicom has also made internal financial adjustments. On May 21, 2025, the company announced the cancellation of 3,096,305 treasury shares, a move that underscores its focus on optimizing capital structure and shareholder value.
While Millicom’s strategic expansion is underway, broader market conditions have shown some volatility. European markets have experienced declines, influenced by caution in the bond market, as reported by Finanznachrichten and Finanzen.net. However, Millicom’s focused growth strategy in Latin America positions it well to navigate these challenges.
As Millicom continues to execute its expansion plans, investors and industry observers will be keenly watching its integration of Telefónica’s operations in Uruguay and the potential synergies that could arise from this acquisition. With a forward-looking approach, Millicom is poised to enhance its competitive edge in the dynamic telecommunications landscape of Latin America.