Millicom agrees $1.714bn acquisition of Entel Peru

International telecommunications group Millicom has agreed to acquire Entel's telecommunications operations in Peru for approximately $1.714bn, including lease liabilities. The acquisition will strengthen Millicom's presence in Latin America and expand its mobile and digital services customer base. The transaction is expected to be financed through local funding and existing cash resources. HPC could identify telecommunications infrastructure suppliers, technology contractors, tower operators, fibre network businesses and potential acquisition targets across Latin America.

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