Millicom has signed an agreement to acquire Entel Peru for $1.7 billion, aiming to expand its footprint to 13 Latin American markets. The deal, expected to close in December 2026, will enhance Millicom's presence in investment-grade economies and is projected to boost free cash flow within the first year. Peru's large population, growing digital market, and strong economic outlook make it an attractive platform for Millicom's growth strategy. The acquisition will leverage Entel Peru's network and customer base alongside Millicom's operational strengths to drive profitable growth and improved services.
Following Millicom's announcement to acquire Entel Peru, the company's stock on Pluang is priced at USD 78.82, down 2.49% as of Nov 14, 2026 04:11 WIB. Despite the recent dip, Millicom maintains a market cap of $13.56 billion and offers a dividend yield of 3.71%, reflecting steady investor interest amid its expansion plans.
