If an agreement is reached, it will create one of the largest telecommunications operators in Latin America.
Liberty Latin America, a wireless and cable operator in South America and the Caribbean, has introduced a proposal to buy Millicom International Cellular, reports sources close to Reuters.
The agreement will create one of the largest telecom operators in Latin America, which will give the company more opportunities to compete with some of the major players in the region, such as América Móvil, Telefónica and AT & T.
Freedom, controlled by tycoon John Malone, is present in Chile via VTR, and according to sources in Reuters, she is negotiating with Millicom, a mobile and cable operator in Latin America and Africa for several weeks, although there is still no contract.
The firm will seek bank loans and financing from an investment firm, such as a private investment fund, for a monetary portion of its offer, says another source.
Millicom offers mobile communications services to nearly 51 million Tigo customers in nine Latin American countries. At the end of December, the Swedish investment company Kinnevik AB owned 37.2% of the property.
Liberty Latin America operates in more than 20 countries in Latin America and the Caribbean, and was separated from Liberty Global last year, which, according to experts, can now facilitate an agreement. The union of both companies has, for a long time, been subjected to speculation by analysts, investors and industry leaders for their good geographic suitability. There is only a certain coincidence between his operations in Costa Rica and Panama.