US EditionTelefónica Sells Movistar Uruguay to Millicom
- On May 23, 2025, Telefónica agreed to sell 100% of its Movistar Uruguay mobile business to Millicom, a Luxembourg-based company.
- The sale is part of Telefónica’s continued effort to scale back its operations in Latin America, following earlier divestments in Argentina, Colombia, and Peru.
- Movistar Uruguay is profitable with nationwide coverage and a focus on digital inclusion, and the acquisition will strengthen Millicom's regional footprint under its Tigo brand.
- Millicom's CEO Marcelo Benitez said the deal will generate immediate synergies, diversify cash flow, and support long-term investment in Uruguay's digital infrastructure.
- The $440 million transaction awaits regulatory approval and signals Telefónica's focus on core European markets while Millicom expands in Latin America's stable Uruguay market.
23 Articles
23 Articles
Merco Press
einnews.comTelefónica sells Movistar Uruguay to Millicom
The Spanish company Telefónica, through its subsidiary Telefónica Hispanoamérica, sold its Movistar Uruguay business to Millicom, a Luxembourg-based company operating under the Tigo brand, as part of its strategy to reduce its presence in Latin America. The transaction, announced to the Spanish National Securities Market Commission (CNMV), is now subject to regulatory approvals. It is also a part of Telefónica's asset divestment plan, following s
The large Spanish telecommunications company Telefónica announced the sale of its Uruguayan subsidiary for $440 million, as part of its plan to reduce its presence in Latin America and focus on its main markets. “Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica, has reached an agreement for the sale to Millicom Spain, S.L. of all the shares held in Telefónica Móviles del Uruguay,” the group said in a statement on Wednesda…
Telefónica accelerates its departure from Hispanoamerica. After leaving Argentina, Peru and Colombia, the telecom has announced that it has sold 100% of its subsidiary in Uruguay for 440 million dollars (about 389 million euros at the current change) to the Luxembourg operator Millicom Spain. The company captained by Marc Murtra is in the process to reduce its exposure in the region, make cash and thus be able to face concentration operations in…
Telefónica has reached an agreement for the sale to Millicom of all the shares held in Telefónica Móviles del Uruguay, representative of 100% of its share capital, for 440 million dollars (approximately 389 million euros at the current exchange rate), according to a statement sent last time this Wednesday to the National Securities Market Commission (CNMV).Continue reading
Everything has its end! The renowned Telefónica chain announced the definitive sale of its subsidiary in Uruguay, putting an end to more than 42 years of operations since its inception in 1982. The transaction, valued at almost 441 million dollars, is part of the new strategy that the company has been implementing in South America. In the following note, we tell you all the details. YOU CAN SEE: Movistar announces its definitive exit after 21 ye…
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Today’s telecom news includes announcements on Ericsson plans telecom equipment export from India, Sudani’s transformation, Telefonica’s deal to sell Uruguay business unit to Millicom, among others. Indonesia 5G telecom towers Ericsson Plans Telecom Equipment Export from India, 5G Use Cases Expected Ericsson’s India plant currently produces 5G equipment entirely for local telecom operators due to strong demand. The company plans to explore expor…
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