Xavier Niel and Millicom join forces to acquire the Chilean unit of Telefonica

2026-02-22 10:18:11

Abstract generation in progress

French investor Xavier Niel partners with Millicom International Cellular SA in a major acquisition in Chile. The two partners have finalized the acquisition of Telefonica’s Chilean operations for $1.22 billion, marking a significant step in their expansion strategy in Latin America. This transaction is particularly important in the current regional telecommunications market, where consolidations play a key role in sector restructuring.

A strategic deployment in the region

This operation demonstrates Millicom’s intention to significantly strengthen its presence in the Latin American market. Xavier Niel, known for his proven expertise in the telecom industry, brings not only his financial resources but also his strategic vision to this project. The partnership between Xavier Niel and Millicom creates a synergistic dynamic, combining the group’s operational experience with the French entrepreneur’s investment capabilities and strategic insight. Chile, as a mature and attractive telecom market, provides a favorable environment for this consolidation.

Xavier Niel, a prominent player in the telecom sector

Xavier Niel’s profile as a savvy investor aligns with a well-established trajectory of involvement in telecommunications. His decision to partner with Millicom reflects confidence in the growth potential of the Chilean and Latin American markets. Xavier Niel favors acquisitions with high potential in developing markets, which perfectly aligns his interests with those of Millicom.

Impact on the Chilean market structure

This acquisition will provide Millicom with significantly expanded operational capabilities and a larger market share in Chile. The consolidation under the combined leadership of Millicom and the capital led by Xavier Niel will position the new entity as a leading regional player. The growing interest of international investors in the Latin American telecommunications sector, exemplified by transactions like this, demonstrates the commercial potential and dynamism of these markets experiencing rapid economic growth.

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