In a strategic move that signals its growing presence in the telecommunications infrastructure sector, ATIS Group, a leading provider of digital infrastructure in Latin America, has announced the acquisition of Lati Paraguay from Millicom International Cellular (NASDAQ: TIGO). This latest acquisition, finalized on April 26, 2025, is a significant development in ATIS’s expansion strategy across the Southern Cone, as it reinforces its stature as a dominant player in the wireless communication tower market.
Lati Paraguay, a Millicom subsidiary, owns approximately 300 wireless communication towers spread across Paraguay. This acquisition marks a key addition to ATIS s portfolio and is expected to bolster the group s operational capabilities in the region. The strategic expansion in Paraguay not only cements ATIS’s position in Latin America but also enhances the company’s ability to support the rapidly growing demand for wireless infrastructure across the region.
The transaction comes amidst challenging times for Millicom International Cellular, which reported a modest revenue increase of 0.66% year-over-year in the fourth quarter of 2023. This growth was notably beneath the average revenue growth of its competitors, which stood at 5.97% during the same period. Furthermore, Millicom recorded a net loss, reflecting broader challenges within the sector, as evidenced by an average earnings decline of 43.37% reported by competitors.
The acquisition aligns with ATIS Group’s strategy to expand its footprint in key markets, enhancing its capacity to offer reliable and widespread infrastructure solutions to telecommunications operators looking to enhance connectivity. As the demand for digital infrastructure continues to rise, ATIS’s proactive expansion efforts and targeted acquisitions position the company favorably in the competitive telecom landscape within the Southern Cone and beyond.
By acquiring Lati Paraguay, ATIS Group strengthens its capabilities and market presence, ensuring it remains at the forefront of providing essential infrastructure as the region’s digital ecosystem continues to evolve and expand.
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