TIGO - Mergers and acquisitions

Millicom (Tigo) acquires Telefonica operations in Chile jointly with NJJ, structured to capture strategic value while protecting its balance sheet Key Highlights: Joint acquisition through a 49%/51% partnership between Millicom International Cellular S.A. ("Millicom") and NJJ. Transaction structured with an initial closing payment of $50 million and additional earn-out consideration up to $150 million based on structural value creation and not guaranteed by Millicom.Acquired business will not be consolidated in Millicom's financial statements during jointownership, and financial obligations of the acquired company and the transaction are non-recourse to Millicom. Telefonica will be requi

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

Millicom (Tigo) completes acquisition of Telefónica in Uruguay, strengthening its regional footprint in South America Luxembourg, October 7, 2025 – Millicom International Cellular S.A. ("Millicom") today announced that, following final approval from the Government of Uruguay, it has completed the acquisition of 100% of Telefónica Móviles del Uruguay S.A. (Movistar) for an enterprise value of USD 440 million. With this milestone transaction, Millicom officially enters the Uruguayan market, further consolidating its presence in South America and reinforcing its position as a leading regional telecommunications provider. "This acquisition marks a decisive step in our growth strategy," said Ma

Millicom's (Tigo) Independent Committee Issued Recommendation Under U.S. and Swedish Rules That Shareholders and SRD Holders Reject the Tender Offers Made by Atlas Luxco S.à r.l Luxembourg, July 15, 2024 – Millicom International Cellular S.A. ("Millicom") today announced that a committee of independent members of its Board of Directors (the "Independent Committee"), following deliberation and discussions with Millicom's financial advisors, has unanimously determined that the all-cash tender offers in the U.S. and Sweden (collectively, the "Offers") by Atlas Luxco S.à r.l and its affiliates ("Atlas") for all outstanding common shares and SDRs in Millicom (collectively, the "Shares"; holder