Spanish telecom company Telefonica said late on Friday it had reached an agreement with Luxembourg-based Millicom International to sell 100% of the shares of its Ecuador unit Otecel S.A. for 380 ...

Telefonica, the Spanish telecom giant, has sold its Ecuador unit Otecel S.A. to Millicom International for $380 million as part of a strategic move to reduce its Latin American operations.

MADRID (Reuters) -Spanish telecom company Telefonica said late on Friday it had reached an agreement with Luxembourg-based Millicom International to sell 100% of the shares of its Ecuador unit Otecel ...

MADRID (Reuters) -Spanish telecom company Telefonica said late on Friday it had reached an agreement with Luxembourg-based Millicom International to sell 100% of the shares of its Ecuador unit ...

Telefónica has agreed to sell its Ecuadorian subsidiary to Millicom Spain for €330 million, continuing its strategic retreat from Latin America under chairman Marc Murtra. The sale of Otecel, which ...

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

Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador Key Highlights: The acquisition reinforces Millicom’s strategic position and ...

Millicom to Acquire Telefonica Ecuador for $380M Published: June 13, 2025, 6:18 p.m. ET Resize ...