Millicom

Other Organization

Multinational

Valid from 1990-01-01

Organization: Any kind of organization. The Organization class represents a kind of Agent corresponding to social instititutions such as companies, societies etc.

About

Millicom International Cellular S.A. (trading as Tigo) is a Luxembourg-headquartered telecom holding company operating across Latin America; in 2025–2026 acquired Telefónica operations in Uruguay, Ecuador, Colombia, and Chile (Source), (Source), (Source).

Corporate Relationships

→ ownership: Movistar Colombia — 2026-02-06
Millicom acquired Telefónica's controlling 67.5% stake in Colombia Telecomunicaciones (Coltel/Movistar Colombia) (Source).
→ ownership: Movistar Ecuador — 2025-11-01
Millicom completed acquisition of Telefónica's Ecuador operations (Movistar) for approximately $380M (Source), (Source).
→ ownership: Movistar Uruguay — 2025-10-07
Millicom completed acquisition of 100% of Telefónica Móviles del Uruguay (Movistar) for $440M (Source).
→ ownership: Movistar Chile — 2026-02-10
Millicom holds 49% of Telefónica Chile (Movistar Chile) via joint acquisition with NJJ Holding (51%) (Source).