AcquisitionsApr 28, 2026, 04:33 PM
TIGO acquires remaining 32.5% stake in Coltel, strengthens Colombia
AI Summary
Millicom International Cellular S.A. (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 the successful tender offer for Telefónica's controlling stake in February 2026. The full integration of Coltel is expected to strengthen Millicom's position in Colombia, enhancing scale and investment capacity to accelerate 5G deployment, improve service quality, and support digital inclusion efforts in the country.
Key Highlights
- TIGO acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) from La Nacion.
- This follows the successful tender offer for Telefonica's controlling stake in February 2026.
- The acquisition fully integrates Coltel into Millicom's operations, creating a large-scale operator.
- It enhances investment capacity to accelerate 5G deployment and improve service quality in Colombia.
- The consolidation supports government efforts to expand digital inclusion for millions of Colombians.
- Millicom CEO Marcelo Benitez stated this reflects long-term commitment to Colombia as a core market.
Price Impact
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