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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

June 9, 2025

What Forces Are Driving the Region’s Telecom Sector?

Telefónica’s decision to sell its Uruguay unit to Millicom is among the latest developments in the telecommunications sector in Latin America. // Image: Maryam via Adobe Stock.

Q

A

Vianna Maino, former Ecuadorean telecommunications minister: “Telefónica’s divestment is due to the debt accumulated from unsuccessful transactions in Europe. Hispanic America accounted for only 20 percent of its revenue. The company is selling its unit in Uruguay to Millicom to reduce its debt. In recent years, Millicom has acquired Telefónica’s operations in several Latin American countries (such as Uruguay and Colombia). These operated in markets with geographic presence or synergies, which facilitated operational integration. Millicom bought valuable assets at competitive prices, strengthening its presence in the region. Latin America is a market with…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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