Overview
- Entel has started a formal evaluation to sell its Peru business and hired an investment bank to solicit buyers, according to reports published Thursday.
- Market coverage names Millicom (Tigo) as a leading potential bidder and says Millicom representatives have presented an offer that is being refined; no party has confirmed a deal.
- Entel Perú is the country’s second‑largest mobile operator with about 10.5 million customers and improved 2026 results, with Jan–Sep revenue of US$923.8 million and EBITDA of US$246.7 million.
- Analysts say a sale could provide Entel’s parent, controlled by Almendral, with liquidity for other investments, but those strategic and financial motives remain unconfirmed by the company.
- The process is at an exploratory stage with no regulatory filings or closing announcements yet, and a sale would immediately change Peru’s competitive map by giving a new owner an operating platform and customer base.