[6-K] MILLICOM INTERNATIONAL CELLULAR SA Current Report (Foreign Issuer)
Millicom (Tigo) completed its USD 380 million acquisition of Telefónica’s telecommunications operations in Ecuador, advancing its South America strategy. The deal adds a new, dollarized market with stable fundamentals and strong demand for digital services.
Management framed the move as reinforcing Millicom’s role as a leading regional connectivity provider, following its recent Telefónica Uruguay acquisition. With Ecuador included, operations now span eleven countries, supporting the company’s focus on digital inclusion and next‑generation networks and services.
As of June 30, 2025, Millicom employed approximately 14,000 people and served 46 million customers, with a fiber‑cable footprint of over 14 million homes passed.
Millicom (Tigo) ha completato la sua acquisizione da USD 380 milioni delle operazioni di telecomunicazioni di Telefónica in Ecuador, avanzando la sua strategia per l’America del Sud. L’accordo aggiunge un nuovo mercato dollarizzato con fondamentali stabili e forte domanda di servizi digitali.
La direzione ha inquadrato l’operazione come un rafforzamento del ruolo di Millicom come fornitore leader di connettività regionale, dopo la recente acquisizione di Telefónica Uruguay. Con l’Ecuador incluso, le operazioni ora coprono undici paesi, sostenendo l’impegno dell’azienda per l’inclusione digitale e reti e servizi di nuova generazione.
A partire dal 30 giugno 2025, Millicom impiegava circa 14,000 persone e serviva 46 milioni di clienti, con una copertura in fibra-cavo di oltre 14 milioni di case raggiunte.
Millicom (Tigo) completó su adquisición de USD 380 millones de las operaciones de telecomunicaciones de Telefónica en Ecuador, avanzando su estrategia para América del Sur. El acuerdo añade un nuevo mercado dolarizado con fundamentos estables y una fuerte demanda de servicios digitales.
La dirección enmarcó la medida como un refuerzo del papel de Millicom como proveedor líder de conectividad regional, tras su reciente adquisición de Telefónica Uruguay. Con Ecuador incluido, las operaciones ahora abarcan once países, apoyando el enfoque de la empresa en la inclusión digital y redes y servicios de próxima generación.
A 30 de junio de 2025, Millicom empleaba aproximadamente a 14,000 personas y atendía a 46 millones de clientes, con una huella de fibra óptica y cable de más de 14 millones de hogares conectados.
밀리콤(Tigo)은 에콰도르에서 텔레포니카의 통신 사업을 USD 380 백만에 인수하는 거래를 완료하여 남미 전략을 추진했습니다. 이 거래는 안정적인 펀더멘털과 디지털 서비스에 대한 강한 수요를 갖춘 새로운 달러화 시장을 더합니다.
경영진은 이를 밀리콤의 지역 커넥티비티 선두주자로서의 역할을 강화하는 조치로 해석했으며, 최근 텔레포니카 우루과이 인수에 이어 에콰도르를 포함하게 되었습니다. 이제 에콰도르를 포함한 운영은 11개국으로 확장되어 회사의 디지털 포용 및 차세대 네트워크와 서비스에 대한 집중을 뒷받침합니다.
2025년 6월 30일 기준으로 밀리콤은 약 14,000명을 고용했고, 고객 수는 46 million명이며, 광섬유-케이블 커버리지는 14 million 가구를 넘어섭니다.
Millicom (Tigo) a finalisé son acquisition de USD 380 millions des activités de télécommunications de Telefónica en Équateur, faisant progresser sa stratégie en Amérique du Sud. L’accord ajoute un nouveau marché dollarisé avec des fondamentaux stables et une forte demande de services numériques.
La direction a présenté cette démarche comme le renforcement du rôle de Millicom en tant que principal fournisseur régional de connectivité, après sa récente acquisition de Telefónica Uruguay. Avec l’Équateur inclus, les opérations couvrent désormais 11 pays, soutenant l’orientation de l’entreprise vers l’inclusion numérique et les réseaux et services de nouvelle génération.
Au 30 juin 2025, Millicom employait environ 14 000 personnes et servait 46 millions de clients, avec une empreinte fibre-câble de plus de 14 millions de foyers desservis.
Millicom (Tigo) hat seine USD 380 Millionen teure Akquisition der Telefónica-Telekommunikationsbetriebe in Ecuador abgeschlossen und damit seine Südamerika-Strategie vorangetrieben. Der Deal ergänzt einen neuen dollarisierten Markt mit stabilen Fundamentaldaten und starker Nachfrage nach digitalen Diensten.
Das Management sah den Schritt als Stärkung der Rolle von Millicom als führender regionaler Konnektivitätsanbieter, nach der jüngsten Übernahme von Telefónica Uruguay. Mit Ecuador eingeschlossen, umfassen die Aktivitäten nun elf Länder, was den Fokus des Unternehmens auf digitale Inklusion und Next-Generation-Netze und -dienste unterstützt.
Zum 30. Juni 2025 beschäftigte Millicom etwa 14,000 Mitarbeiter und bediente 46 Millionen Kunden, mit einer Glasfaser-/Kabel-Abdeckung von über 14 Millionen Haushalten.
Millicom (Tigo) أكملت استحواذا بقيمة USD 380 ملايين على عمليات Telefónica للاتصالات في الإكوادور، مما يدفع استراتيجية الشركة في أمريكا الجنوبية قدمًا. وإن الصفقة تضيف سوقًا جديدًا بالدولار مع أسس مستقرة وطلب قوي على الخدمات الرقمية.
وأشارت الإدارة إلى أن الخطوة تعزز دور Millicom كمزوّد رائد للاتصال الإقليمي، عقب اقتناء Telefónica أوروغواي مؤخرًا. مع شمول الإكوادور، أصبحت العمليات الآن في أحد عشر دولة، داعمة تركيز الشركة على الشمول الرقمي والشبكات والخدمات من الجيل التالي.
اعتبارًا من 30 يونيو 2025، وظّفت Millicom نحو 14,000 شخص وخدّمت 46 مليون عميل، وبوجود بصمة ألياف وكابلات تفوق 14 مليون منزل.
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Insights
Closed a USD 380M Ecuador acquisition, expanding regional scale.
Millicom closed the purchase of Telefónica’s Ecuador operations for
The acquisition broadens country diversification to eleven markets and fits Millicom’s emphasis on digital access and next‑generation services. The company highlights demand for advanced digital services in Ecuador, which may support uptake across mobile, broadband, and enterprise offerings.
Actual financial impact will depend on integration and execution in Ecuador. Subsequent filings may provide revenue, capex, and synergy details tied to this transaction.
Millicom (Tigo) ha completato la sua acquisizione da USD 380 milioni delle operazioni di telecomunicazioni di Telefónica in Ecuador, avanzando la sua strategia per l’America del Sud. L’accordo aggiunge un nuovo mercato dollarizzato con fondamentali stabili e forte domanda di servizi digitali.
La direzione ha inquadrato l’operazione come un rafforzamento del ruolo di Millicom come fornitore leader di connettività regionale, dopo la recente acquisizione di Telefónica Uruguay. Con l’Ecuador incluso, le operazioni ora coprono undici paesi, sostenendo l’impegno dell’azienda per l’inclusione digitale e reti e servizi di nuova generazione.
A partire dal 30 giugno 2025, Millicom impiegava circa 14,000 persone e serviva 46 milioni di clienti, con una copertura in fibra-cavo di oltre 14 milioni di case raggiunte.
Millicom (Tigo) completó su adquisición de USD 380 millones de las operaciones de telecomunicaciones de Telefónica en Ecuador, avanzando su estrategia para América del Sur. El acuerdo añade un nuevo mercado dolarizado con fundamentos estables y una fuerte demanda de servicios digitales.
La dirección enmarcó la medida como un refuerzo del papel de Millicom como proveedor líder de conectividad regional, tras su reciente adquisición de Telefónica Uruguay. Con Ecuador incluido, las operaciones ahora abarcan once países, apoyando el enfoque de la empresa en la inclusión digital y redes y servicios de próxima generación.
A 30 de junio de 2025, Millicom empleaba aproximadamente a 14,000 personas y atendía a 46 millones de clientes, con una huella de fibra óptica y cable de más de 14 millones de hogares conectados.
밀리콤(Tigo)은 에콰도르에서 텔레포니카의 통신 사업을 USD 380 백만에 인수하는 거래를 완료하여 남미 전략을 추진했습니다. 이 거래는 안정적인 펀더멘털과 디지털 서비스에 대한 강한 수요를 갖춘 새로운 달러화 시장을 더합니다.
경영진은 이를 밀리콤의 지역 커넥티비티 선두주자로서의 역할을 강화하는 조치로 해석했으며, 최근 텔레포니카 우루과이 인수에 이어 에콰도르를 포함하게 되었습니다. 이제 에콰도르를 포함한 운영은 11개국으로 확장되어 회사의 디지털 포용 및 차세대 네트워크와 서비스에 대한 집중을 뒷받침합니다.
2025년 6월 30일 기준으로 밀리콤은 약 14,000명을 고용했고, 고객 수는 46 million명이며, 광섬유-케이블 커버리지는 14 million 가구를 넘어섭니다.
Millicom (Tigo) a finalisé son acquisition de USD 380 millions des activités de télécommunications de Telefónica en Équateur, faisant progresser sa stratégie en Amérique du Sud. L’accord ajoute un nouveau marché dollarisé avec des fondamentaux stables et une forte demande de services numériques.
La direction a présenté cette démarche comme le renforcement du rôle de Millicom en tant que principal fournisseur régional de connectivité, après sa récente acquisition de Telefónica Uruguay. Avec l’Équateur inclus, les opérations couvrent désormais 11 pays, soutenant l’orientation de l’entreprise vers l’inclusion numérique et les réseaux et services de nouvelle génération.
Au 30 juin 2025, Millicom employait environ 14 000 personnes et servait 46 millions de clients, avec une empreinte fibre-câble de plus de 14 millions de foyers desservis.
Millicom (Tigo) hat seine USD 380 Millionen teure Akquisition der Telefónica-Telekommunikationsbetriebe in Ecuador abgeschlossen und damit seine Südamerika-Strategie vorangetrieben. Der Deal ergänzt einen neuen dollarisierten Markt mit stabilen Fundamentaldaten und starker Nachfrage nach digitalen Diensten.
Das Management sah den Schritt als Stärkung der Rolle von Millicom als führender regionaler Konnektivitätsanbieter, nach der jüngsten Übernahme von Telefónica Uruguay. Mit Ecuador eingeschlossen, umfassen die Aktivitäten nun elf Länder, was den Fokus des Unternehmens auf digitale Inklusion und Next-Generation-Netze und -dienste unterstützt.
Zum 30. Juni 2025 beschäftigte Millicom etwa 14,000 Mitarbeiter und bediente 46 Millionen Kunden, mit einer Glasfaser-/Kabel-Abdeckung von über 14 Millionen Haushalten.
Millicom (Tigo) أكملت استحواذا بقيمة USD 380 ملايين على عمليات Telefónica للاتصالات في الإكوادور، مما يدفع استراتيجية الشركة في أمريكا الجنوبية قدمًا. وإن الصفقة تضيف سوقًا جديدًا بالدولار مع أسس مستقرة وطلب قوي على الخدمات الرقمية.
وأشارت الإدارة إلى أن الخطوة تعزز دور Millicom كمزوّد رائد للاتصال الإقليمي، عقب اقتناء Telefónica أوروغواي مؤخرًا. مع شمول الإكوادور، أصبحت العمليات الآن في أحد عشر دولة، داعمة تركيز الشركة على الشمول الرقمي والشبكات والخدمات من الجيل التالي.
اعتبارًا من 30 يونيو 2025، وظّفت Millicom نحو 14,000 شخص وخدّمت 46 مليون عميل، وبوجود بصمة ألياف وكابلات تفوق 14 مليون منزل.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2025.
Commission File Number: 001-38763
MILLICOM INTERNATIONAL CELLULAR S.A.
(Exact Name of Registrant as Specified in Its Charter)
8400 NW 36th Street, Suite 530
Doral, FL 33166
United States
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
MILLICOM INTERNATIONAL CELLULAR S.A.
INDEX TO FURNISHED MATERIAL
Item
______
| 1. | Press release dated October 30, 2025. |
 |  |
Item 1
Millicom (Tigo) acquires Telefónica Ecuador for USD 380 Million, strengthening its South American footprint
Luxembourg, October 30, 2025 – Millicom International Cellular S.A. (“Millicom”) today announced the successful completion of its USD 380 million acquisition of Telefónica’s telecommunications operations in Ecuador.
This transaction represents another major step in Millicom’s strategy to deepen its presence in South America, following the company’s recent acquisition of Telefónica Uruguay. With this addition, Millicom expands its footprint into a new, high-potential market—Ecuador, a dollarized economy characterized by stability, solid macroeconomic fundamentals, and a strong demand for advanced digital services.
Marcelo Benitez, CEO of Millicom, commented: “This acquisition underscores our long-term confidence in Latin America and further consolidates Millicom’s leadership as a premier digital connectivity provider in the region. By entering Ecuador, we strengthen our platform to expand digital access, empower communities, and drive economic and social progress. It is another testimony of our strength of execution and our ability to deliver on our strategic vision. We remain deeply committed to connecting people, opportunities, and futures through sustainable and inclusive growth.”
With operations now spanning eleven countries, Millicom reinforces its position as one of Latin America’s leading telecommunications groups. The company continues to advance digital inclusion and innovation, investing in next-generation networks and services that enable individuals, businesses, and governments to thrive in an increasingly digital world.
Ecuador Profile:
| · | Population & Demographics: Approximately 18.1 million people, with a median age of 32–33 years; about 65% of the population lives in urban areas, creating a young, connected, and increasingly digital consumer base. |
| · | Economic Framework (2025–2026): A dollarized, open economy with solid macroeconomic fundamentals. The IMF projects GDP growth of around 1.7% in 2025 and 2.0% in 2026, with inflation remaining low at around 1.3%, supported by fiscal reforms, energy recovery, and stronger external balances. Key growth drivers include services, energy, and agriculture. |
| · | Resilience & Reform: The country continues its post-pandemic recovery, advancing fiscal consolidation, competitiveness measures, and public-sector reforms to enhance investment confidence and long-term stability (IMF & World Bank, 2025). |
| | |
| · | Positive IMF Review: The IMF this week concluded its latest review of Ecuador, reaffirming the country’s stronger-than-expected recovery, low inflation, and continued progress on key reforms — reinforcing confidence in its economic outlook. |
| · | Telecommunications Landscape: A dynamic and competitive market where Telefónica Ecuador ranks second in mobile services. Continued urbanization and digital adoption are driving steady demand for data and connectivity. |
| · | Market Growth & Outlook: Both mobile and broadband segments are expanding, with growth of approximately +1.4% in mobile and +3.6% in fixed broadband. Combined with a stable currency, youthful demographics, and rising digital consumption, Ecuador offers a strong platform for sustained telecom and digital-infrastructure investment. |
-END-
For further information, please contact
Press:
press@millicom.com |
Investors: Luca
Pfeifer, VP of Investor Relations |
About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of June 30, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MILLICOM INTERNATIONAL CELLULAR S.A. (Registrant) | ||||
| By: | /s/ Salvador Escalón | |||
| Name: | Salvador Escalón | |||
| Title: | Executive Vice President, Chief Legal and Compliance Officer | |||
Date: October 31, 2025
FAQ
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