News
20 August 2025

Millicom agrees $520m acquisition of ColTel shares from EPM

In:
Telecoms and Communications
Region:
Americas

Millicom (Tigo) has reached an agreement to acquire shares in ColTel from Empresas Públicas de Medellín (EPM) for $520 million.The deal advances a merger of Millicom’s local unit Tigo-UNE and Colombia Telecomunicaciones (ColTel). In March, Millicom agreed to acquire a 67.5% stake...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
27 April 2026

Lucky timing for ATOME’s green hydrogen fertiliser

Development banks have lined up behind ATOME’s Villeta green hydrogen fertiliser plant in Paraguay. Global supply chain disruptions have given the deal momentum, but the...

Perspective
11 May 2026

Creative offtakes to drive Europe's BESS boom

A combination of cheaper input costs, a benevolent policy environment and plentiful equity is driving a surge in battery storage financings in Europe. But sponsors have had to...