Entel agrees to sell its Peruvian subsidiary to Millicom for US$1.714 billion
Entel signed an agreement to sell its Peru operation to Millicom, comprising 100% of the shares of Entel Perú S.A. and Americatel Perú S.A. The deal represents an Enterprise Value of US$1.714 billion, equivalent to 1,703,990,240,000 Chilean pesos, and an extraordinary net profit of approximately 98 billion pesos is expected. The transaction requires prior authorization from an Extraordinary Shareholders' Meeting, called for November 30, where an eventual dividend of $2,100 per share will also be proposed.
In 35 seconds
- Entel sells 100% of Entel Perú and Americatel Perú to Millicom for an Enterprise Value of US$1.714 billion.
- The deal would leave an extraordinary net profit of approximately 98 billion pesos.
- The valuation equals 5.34 times the accumulated EBITDA of the last twelve months to June 2026.
Read the full story at BioBioChile
IASummary generated by artificial intelligence from a story by BioBioChile. It may contain errors: the original source prevails.
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