Ecuador

Quito, Ecuador – November 6, 2025 – BUSTAMANTE FABARA proudly announces that it has acted as Ecuadorian legal counsel to Millicom International Cellular S.A. (“Millicom”, brand “Tigo”) in the USD 380 million acquisition of Telefónica S.A.’s Ecuadorian operations (brand “Movistar”) — a landmark transaction that officially closed on October 30th. This deal represents a transformative moment for Ecuador’s telecommunications sector, reinforcing Millicom’s regional leadership and digital expansion strategy. With approximately 5 million customers and a 28% market share, Movistar Ecuador constitutes a strategic asset in a dollarized economy with strong growth fundamentals. The firm’s multidisciplinary team — led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo — provided comprehensive legal counsel throughout all stages of the transaction, from negotiation and due diligence to regulatory approvals and closing. Looking ahead, BUSTAMANTE FABARA will continue to advise Millicom on post-closing integration and regulatory matters. This strategic acquisition aligns with broader trends across Latin America, where Telefónica continues to optimize its portfolio by reducing its regional exposure, while Millicom expands its investment in key markets with stable growth prospects. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Millicom Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.   Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – October 21, 2025 – BUSTAMANTE FABARA is pleased to announce its role as counsel to Vita Alimentos C.A. in the acquisition of 100% of the shares of La Holandesa (Delcampo S.A.S.), a leading cheese manufacturer renowned for its premium products and strong national market presence. This strategic transaction, which was subject to prior approval by the Superintendence of Economic Competition (Superintendencia de Competencia Económica), represents a significant milestone in Ecuador’s food and beverage sector, enhancing Vita Alimentos’ product portfolio, production capabilities, and distribution reach across the country. This deal highlights BUSTAMANTE FABARA’s position as a leading advisor to major industry participants, combining deep food and beverage expertise, strong regulatory capabilities, and a proven record in sophisticated M&A. The firm’s multidisciplinary strengths continue to place it at the forefront of complex, high-value transactions shaping Ecuador’s corporate landscape. The multidisciplinary team of BUSTAMANTE FABARA was led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo. This acquisition reinforces Vita Alimentos’ leadership in the Ecuadorian food industry and demonstrates BUSTAMANTE FABARA’s continued role as a key advisor in complex, high-value M&A transactions within the region. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Vita Alimentos C.A. Vita Alimentos C.A. is a leading Ecuadorian company in the food and beverage industry, known for its extensive product portfolio and commitment to quality and innovation. The company plays a key role in Ecuador’s agri-food chain, providing nutritious and sustainable products to consumers nationwide. About La Holandesa (Delcampo S.A.S.) La Holandesa is a traditional Ecuadorian dairy company with more than 40 years of history, recognized for producing high-quality dairy products and maintaining strong ties with local producers. The company’s operations are centered on sustainable production and innovation in dairy processing. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Dentons Paz Horowitz is proud to announce its role in supporting the expansion of the renowned international restaurant chain Taco Bell into Ecuador and Peru, providing comprehensive legal counsel throughout every stage of the project. In a strategic transaction, the Cuenca-based Sociedad Gourmet Hospitality Group acquired Taco Bell’s operations in Peru and spearheaded the brand’s return to Ecuador after a 16-year absence — marking a significant milestone in the growth of the international franchise sector in the country. Our founding partner Jorge Paz Durini, together with partner María del Mar Heredia, were part of the legal team that advised Sociedad Gourmet Hospitality Group throughout the process, including the acquisition of Taco Bell’s Peruvian operations as a preliminary step toward its re-entry into the Ecuadorian market. The Dentons Paz Horowitz team also provided guidance on structuring and securing the investments that enabled the continued operation in Peru and the opening of the brand’s first locations in Ecuador. This project represents another key milestone in Taco Bell’s international growth journey and reaffirms Dentons Paz Horowitz’s commitment to promoting foreign investment and supporting business expansion across the region. On behalf of the entire Dentons Paz Horowitz team, we extend our best wishes for continued success in this new chapter.

Quito, Ecuador – October 2, 2025 – BUSTAMANTE FABARA, renowned for its leadership in mergers and acquisitions and its deep expertise in complex cross-border transactions, is proud to announce its role as lead counsel to Alicorp Inversiones S.A., part of the Peruvian conglomerate Grupo Romero, in the acquisition of 100% of the shares of Jabonería Wilson S.A., a leading Ecuadorian company engaged in the manufacture and sale of cleaning, personal care, and laundry care products, with operations in Ecuador, Perú, and Colombia. This strategic acquisition marks a major milestone for Alicorp, consolidating its leadership in the mass consumption sector and significantly expanding its footprint in the Ecuadorian market. The multidisciplinary team of BUSTAMANTE FABARA, led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo, advised Alicorp throughout all stages of the transaction, ensuring a smooth and successful closing. The deal underscores BUSTAMANTE FABARA’s position as a trusted advisor to leading regional and global players, providing strategic guidance in transformative transactions that shape Ecuador's corporate landscape. The firm’s cross-border transaction capabilities, sector-specific knowledge, and track record of regulatory success continue to position it as a go-to firm for complex, high-value M&A deals in Latin America. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape.  About Alicorp Inversiones S.A. Alicorp Inversiones S.A., part of Grupo Romero, is one of the most relevant players in Latin America’s mass consumption industry. With a diversified portfolio in food, cleaning, and personal care products, Alicorp has consistently driven innovation and growth across the region. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788