Millicom agrees to buy Entel Peru for $1.7 billion
Millicom has agreed to acquire Peru's Entel Peru for $1.714 billion including lease liabilities. The deal is expected to close in early December 2026.
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what happened
Millicom International Cellular agreed to acquire Entel Peru for $1.714 billion, including lease liabilities. The price equals 5.0 times estimated 2026 EBITDA before synergies and integration costs, the company said in a GlobeNewswire release.
Payment will be staged: 65% at closing, 10% at 12 months and 25% at 18 months. The purchase will be funded through local financing and cash on hand. Closing is expected in early December 2026, subject to customary conditions.
The company estimates year-end 2026 leverage of about 2.5x including the deal, and says planned shareholder distributions should not be adversely affected. RTTNews reported that Millicom shares (TIGO) on Nasdaq fell 1.86% in the regular session that day.
why it matters
The deal extends Millicom's footprint in Latin America and follows its recent Telefónica acquisitions. For investors, the key points are whether closing happens on schedule, how the payment timing plays out, and whether leverage stays near the stated level.
market impact
Millicom (TIGO): large Peru acquisition, affecting debt levels and cash flow outlook
tags
instruments
sources
- Millicom (TIGO) to Acquire Entel Peru for $1.7B — TradingView, 13 November 2026 at 21:09 UTC
- Millicom To Acquire Entel Peru For $1.714 Bln — TradingView, 13 November 2026 at 21:42 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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