Amdocs Signs Multi-Year Managed Services Agreement With Millicom's Chilean Operations
On August 19, Amdocs Limited (DOX) announced a multi-year managed services agreement with Telefonica Chile S.A. and Telefonica Moviles Chile S.A., both operated by Millicom International Cellular (TIGO). The deal involves deploying Amdocs' full-stack BSS/OSS solutions powered by AI to streamline operations for Millicom in Chile. Amdocs reported $1.175 billion in revenue during Q3 fiscal 2026, with managed services contributing a record $791 million (67% of total). Meanwhile, Millicom's Q2 2026 results showed strong growth: $2.18 billion in revenue and adjusted EBITDA over $1.01 billion. The partnership could benefit Amdocs by expanding its footprint in Latin America through Millicom’s aggressive expansion strategy.
Tickers: $TIGO
Topics: AI_integration managed_services telecom