Telefónica bids farewell to Colombia; cut-price Millicom deal wrapped up

Richard Agnew2026-02-06T10:09:00

Source: Flavia Carpio / Unsplash

Retrenching group completes sale of Colombian business to Millicom, ending a project stretching back to mid-2000s BellSouth and Colombia Telecom buyouts. Deal value is significantly lower than first suggested, in reflection of volatility that has prompted Group to end its Colombian presence (and perform broader Hispanoamérica exit)…

This article includes:

Organisations: BellSouth; Claro Colombia; Colombia Telecom; Empresas Públicas de Medellín; Government of Colombia; Hiberus; Integra Tec International; Millicom International Cellular; Rey Moreno; Telecom Argentina; Telefónica; Tigo; Union Temporal Colombia Movil-Telefónica; Virgin Mobile; WOM.
Geographic: Colombia; Hispanoamérica; Latin America; Spain.
People: Marcelo Benitez; Marc Murtra.
Themes: 5G; asset divestment; B2B; consolidation; market rationalisation; merger; network sharing; privatisation; regulatory approval; restructuring; sale; spectrum assets; volatility.

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