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Wireless

Millicom closes acquisition of Telefonica's Panama subsidiary

Friday 30 August 2019 | 08:51 CET | News
Millicom has closed the acquisition of Telefonica's Panama unit around 6 months after first announcing the deal. Telefonica Moviles Panama is the leading mobile operator in the country and the acquisition will add around 1.6 million mobile customers and a 4G network accessible to 80 percent of the local population, said Millicom. It also serves to accelerate the execution of Millicom's fixed-mobile convergence strategy and helps consolidate the company's leading position in Central America.

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Categories: Mobile & Wireless
Companies: Millicom / Telefonica
Countries: Panama
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