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Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel - Millicom Intl Cellular (NASDAQ:TIGO)
2 Articles
2 Articles
Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel - Millicom Intl Cellular (NASDAQ:TIGO)
Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel Luxembourg, August 14, 2025 – Millicom (Tigo) today announced a key agreement with Empresas Públicas de Medellín (EPM) that advances its acquisition strategy in Colombia and unlocks a path toward the integration of Tigo-UNE and Colombia Telecomunicaciones (ColTel). Under the terms of the agreement: Millicom has committed to present an offer in EPM's La…
Millicom, owner of Tigo, and the Medellin Public Enterprises (EPM) reached an agreement that can enable the integration of Tigo-UNE and Colombia Telecommunications (ColTel), who operates Movistar Colombia. With the agreement, Millicom undertakes to participate in the sale process that EPM maintains in Tigo-UNE under Law 226, with an offer based on the minimum price set by EPM: 418,741 Colombian pesos per share, approximately $100.9. This represe…
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