Mergers & AcquisitionsMedium•15 November 2026•
1 min read
Millicom Signs Agreement to Acquire Entel Peru for $1.7 Billion
Key Facts
1Millicom signed an agreement to acquire Entel Peru for $1.714 billion, including lease liabilities.
2The transaction implies a multiple of 5.0x estimated 2026 EBITDA before synergies.
365% of the purchase price is due at closing, which is expected in early December 2026.
Millicom signed an agreement to acquire Entel Peru for $1.714 billion, including lease liabilities. The Fast Mode reported that the transaction implies a multiple of 5.0x estimated 2026 EBITDA before synergies, with 65% of the purchase price due upon the deal's completion.
The acquisition aims to expand Millicom's telecommunications footprint across Latin America, with the closing expected in early December 2026. According to company data, the remaining payments will be structured as 10% twelve months after closing and 25% eighteen months later, while the group expects year-end 2026 leverage to remain around 2.5x.