Andres Guayo's questions to Millicom International Cellular SA (TIGO) leadership • Q2 2025
Question
Andres Guayo inquired about Millicom's M&A pipeline and whether the company was considering acquisitions of other Telefonica subsidiaries in markets like Chile or Mexico.
Answer
CFO Bart Vanhaeren responded that the immediate priority is closing and integrating the already announced transactions in Colombia, Ecuador, and Uruguay. He stated that while the company always evaluates interesting opportunities, larger and more complex deals, such as in Mexico, are not a current focus. The goal is to successfully integrate the new assets to enhance portfolio diversity and de-risk the business.