Entel confirms Millicom offer for its Peru unit, valued between US$1.54 billion and US$1.848 billion

TechnologyInternationalGestiónNov 13, 2026, 8:56 AMAI summary

Entel has begun talks to evaluate the sale of its Peru subsidiary, which accounts for about 35% of its revenue and 22.72% of the Peruvian mobile market. Millicom, controlled by Xavier Niel and operator of the Tigo brand, reportedly submitted an offer, according to El Mercurio. The deal would be valued between US$1.54 billion and US$1.848 billion, five to six times Entel Peru's 2025 EBITDA (US$308 million). Analysts attribute the decision to limited regional scale, competition among four operators and shareholders seeking higher returns.

In 40 seconds

Millicom, owner of the Tigo brand, reportedly submitted an offer for Entel's Peru unit, according to El Mercurio.
The deal is valued between US$1.54 billion and US$1.848 billion, five to six times Entel Peru's 2025 EBITDA.
Entel Peru contributes about 35% of the group's revenue and 22.72% of the Peruvian mobile market.

Read the full story at Gestión

IASummary generated by artificial intelligence from a story by Gestión. It may contain errors: the original source prevails.

telecomunicaciones
Entel
Millicom
Perú
adquisiciones

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Entel confirms Millicom offer for its Peru unit, valued between US$1.54 billion and US$1.848 billion

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