{"id":14228,"date":"2025-06-23T16:38:00","date_gmt":"2025-06-23T21:38:00","guid":{"rendered":"https:\/\/bustamantefabara.com\/en\/?p=14228"},"modified":"2025-07-08T15:47:41","modified_gmt":"2025-07-08T20:47:41","slug":"bustamante-fabara-advises-millicom-on-the-usd-380-million-acquisition-of-telefonica-ecuador","status":"publish","type":"post","link":"https:\/\/bustamantefabara.com\/en\/bustamante-fabara-advises-millicom-on-the-usd-380-million-acquisition-of-telefonica-ecuador\/","title":{"rendered":"BUSTAMANTE FABARA advises Millicom on the USD 380 million acquisition of Telef\u00f3nica Ecuador\u00a0"},"content":{"rendered":"\n<p><strong>Quito, Ecuador \u2013 June 23, 2025<\/strong> \u2013 BUSTAMANTE FABARA, a leading law firm recognized for its expertise in mergers and acquisitions and complex cross-border transactions, acted as Ecuadorian legal counsel to Millicom (leading provider of fixed and mobile telecommunications services under brand name Tigo) in the acquisition of Telef\u00f3nica\u2019s operations in Ecuador, a transaction valued at USD 380 million.&nbsp;<\/p>\n\n\n\n<p>The firm\u2019s multidisciplinary team \u2014 composed of partner Jos\u00e9 Rafael Bustamante Crespo, director Kirina Gonz\u00e1lez, senior associate Valentina Morillo, and a team of professionals including Gino Ivich, Jos\u00e9 Antonio Bustamante, Lorena Ortiz, Sebasti\u00e1n Eljuri, \u00c1ngeles Mancheno, and Sergio Samaniego \u2014 provided comprehensive legal counsel throughout the transaction. Winston and Strawn acted as international counsel for Millicom. BUSTAMANTE FABARA will continue to advise Millicom in the procedures required to obtain regulatory approvals and the closing of the transaction.&nbsp;<\/p>\n\n\n\n<p>This transaction marks a significant milestone in Millicom\u2019s strategic expansion in South America, reinforcing its leadership in the region and diversifying its operations in a stable, dollarized economy. The acquisition enhances Millicom\u2019s regional footprint and supports long-term growth and digital inclusion across Ecuador.&nbsp;<\/p>\n\n\n\n<p>BUSTAMANTE FABARA\u2019s role was instrumental in navigating the regulatory landscape and ensuring a successful execution, highlighting the firm\u2019s ability to deliver innovative legal solutions in high-stakes transactional environments.&nbsp;<\/p>\n\n\n\n<p><strong>About BUSTAMANTE FABARA<\/strong>&nbsp;<\/p>\n\n\n\n<p>BUSTAMANTE FABARA is one of Ecuador\u2019s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador\u2019s legal landscape.&nbsp;<\/p>\n\n\n\n<p><strong>About Millicom<\/strong>&nbsp;<\/p>\n\n\n\n<p>Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO\u00ae and Tigo Business\u00ae brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.&nbsp;<\/p>\n\n\n\n<p><strong>Press contact:<\/strong>\u00a0<br>Mar\u00eda Jos\u00e9 Sotomayor Hidalgo\u00a0<br>Director of Marketing and Communications\u00a0<br>BUSTAMANTE FABARA\u00a0<br>Email: <a href=\"mailto:msotomayor@bustamantefabara.com\" target=\"_blank\" rel=\"noreferrer noopener\">msotomayor@bustamantefabara.com<\/a><\/p>\n\n\n\n<p>Phone: 0989728788\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quito, Ecuador \u2013 June 23, 2025 \u2013 BUSTAMANTE FABARA, a leading law firm recognized for its expertise in mergers and acquisitions and complex cross-border transactions, acted as Ecuadorian legal counsel to Millicom (leading provider of fixed and mobile telecommunications services under brand name Tigo) in the acquisition of Telef\u00f3nica\u2019s operations in Ecuador, a transaction valued [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":14230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-14228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights"],"_links":{"self":[{"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/posts\/14228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/comments?post=14228"}],"version-history":[{"count":1,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/posts\/14228\/revisions"}],"predecessor-version":[{"id":14231,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/posts\/14228\/revisions\/14231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/media\/14230"}],"wp:attachment":[{"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/media?parent=14228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/categories?post=14228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bustamantefabara.com\/en\/wp-json\/wp\/v2\/tags?post=14228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}