Chicago, IL – June 18, 2025 – Today, Zacks Equity Research discusses Deutsche Telekom AG DTEGY, Telefonica, S.A. TEF and Telenor ASA TELNY. Industry: Communication Services.

Telefónica exits Ecuador – Telefonica has agreed to sell its Ecuador unit to Millicom for $380 million, continuing its strategy to reduce Latin American exposure.

Oil is one of Ecuador's primary exports. Last year, the country sold $8.6 billion worth of crude oil. In 2024, Ecuador produced an average of 475,000 barrels a day, of which more than 70 percent ...

Telefónica, Madrid. Credit: JJFarq, Shutterstock. Telefónica has agreed to sell its Ecuadorian subsidiary to Millicom Spain for €330 million, continuing its strategic retreat from Latin America under ...

This time it’s exiting Ecuador. Telefonica announced late last week that it had reached an agreement with Millicom, which has a strong presence in Latin America, operating under the Tigo brand in ...

Telefonica has not announced any plans for selling the unit. In February, Jose Luis Rodriguez, ... Telefonica has agreed with Millicom to sell its unit in Ecuador for $380 million.

Millicom has signed a definitive agreement to acquire Telefónica’s telecommunications operations in Ecuador in a transaction valued at USD 380 million. This acquisition aligns with Telefónica’s ...

Telefónica ’ s exit from Latin America continues with news that it is selling Otecel – aka Telefónica Ecuador – for $380m to Millicom, the network operator that is looking to scale up even further in ...