Gustavo Farias

Marcelo Santos

Andreas Joelsson

Andres Coello

Stefan Gauffin

Andreas

Andres Guayo

Eduardo Nieto

Eduardo Nieto Leal

Gustavo Piras

Marcelo Peev Santos

Phani Kumar Kanumuri

- Millicom (Tigo) successfully completed the **USD 380 million** acquisition of Telefónica Ecuador on **October 30, 2025**.  **[912958_0000950103-25-014079_dp236735_6k.htm:1]** 
- This acquisition strengthens Millicom's presence in South America, expanding its operations into Ecuador, a **dollarized economy** with projected **GDP growth of around 1.7% in 2025 and 2.0% in 2026**.  **[912958_0000950103-25-014079_dp236735_6k.htm:1]** 
- The transaction further consolidates Millicom's leadership in Latin America, bringing its total operational footprint to **eleven countries**.  **[912958_0000950103-25-014079_dp236735_6k.htm:1]**

Millicom Completes Acquisition of Telefónica Ecuador

MILLICOM INTERNATIONAL CELLULAR (TIGO)