AcquisitionsApr 27, 2026, 04:25 PM
TIGO acquires remaining 32.5% stake in Coltel, completes consolidation
AI Summary
Millicom (TIGO) announced the acquisition of the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) from La Nación. This finalizes the strategic consolidation, following a successful tender offer for Telefónica's controlling stake in February 2026. The full integration of Coltel is expected to create a large-scale, financially viable operator with enhanced investment capacity to accelerate Colombia's digital transformation, including nationwide 5G deployment and improved service quality.
Key Highlights
- TIGO acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel).
- This completes the strategic consolidation following the tender offer for Telefónica's controlling stake in February 2026.
- The acquisition enhances scale and investment capacity to strengthen network capabilities in Colombia.
- It aims to accelerate nationwide 5G deployment and enhance service quality.
- The move reflects Millicom's long-term commitment to Colombia as a core market.