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América Móvil, Millicom scrap for Telefónica assets

América Móvil, Millicom scrap for Telefónica assets

December 3, 2018 | Ivan Castano
Both telecom companies could look to expand in Central America, sources say

Debt M&A Funds Corporate & Sovereign Strategy Mexico Central America Costa Rica El Salvador Guatemala Honduras Panama

América Móvil and Millicom could get locked in a fight to buy Telefónica's assets in Mexico and Central America, LatinFinance has heard. "This is a very small and fragmented market that needs management with third-world and developing markets' expertise, which is something that Millicom specializes in with Tigo," Luis David, founding partner of the Guatemalan financial advisory firm Asesores en Finanzas, said about the mobile phone markets in Central America.  Based in Luxembourg, Millicom opera

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