{"id":876123,"date":"2025-08-14T18:37:09","date_gmt":"2025-08-14T22:37:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-reaches-strategic-agreement-with-epm-to-facilitate-merger-process-with-coltel\/"},"modified":"2025-08-14T18:37:09","modified_gmt":"2025-08-14T22:37:09","slug":"millicom-tigo-reaches-strategic-agreement-with-epm-to-facilitate-merger-process-with-coltel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-reaches-strategic-agreement-with-epm-to-facilitate-merger-process-with-coltel\/","title":{"rendered":"Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <b>Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel<\/b>\n      <\/p>\n<p align=\"justify\">\n        <strong>Luxembourg, August 14, 2025<\/strong> \u2013 Millicom (Tigo) today announced a key agreement with Empresas P\u00fablicas de Medell\u00edn (EPM) that advances its acquisition strategy in Colombia and unlocks a path toward the integration of Tigo-UNE and Colombia Telecomunicaciones (ColTel).<\/p>\n<p align=\"justify\">\n        <b>Under the terms of the agreement:<\/b>\n      <\/p>\n<ul>\n<li style=\"margin-top:0cm;margin-bottom:0cm;text-align:justify\">Millicom has committed to present an offer in EPM\u2019s Law 226 sale process, subject to the terms published by EPM on July 1, 2025, in which EPM set a minimum price of COP$418,741 per share of Tigo-UNE, representing a total consideration of approximately USD $520 million.<\/li>\n<\/ul>\n<ul>\n<li style=\"margin-top:0cm;margin-bottom:0cm;text-align:justify\">The agreement includes customary legal protections and EPM secured an extension of its existing exit rights if the Law 226 sale process does not succeed due to external factors.<\/li>\n<\/ul>\n<ul>\n<li style=\"margin-top:0cm;margin-bottom:0cm;text-align:justify\">Should EPM remain a shareholder of Tigo-UNE due to an unsuccessful Law 226 sale process, EPM has agreed to provide consent for the proposed future merger between Tigo-UNE and ColTel, subject to certain closing conditions.<\/li>\n<\/ul>\n<ul>\n<li style=\"margin-top:0cm;margin-bottom:0cm;text-align:justify\">As part of the transaction, Millicom will re-include Tigo-UNE in Millicom\u2019s Restricted Group, reflecting the company\u2019s renewed strategic commitment to the market.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThis agreement marks an important milestone for Millicom\u2019s strategy in Colombia\u201d, said Marcelo Benitez, CEO of Millicom. \u201cWe are moving decisively with our integration plans while reaffirming our commitment to long-term investment in Colombia\u2019s digital ecosystem and infrastructure\u201d <\/p>\n<p align=\"center\">-END-<\/p>\n<p>\n        <b>For further information, please contact:<\/b>\n      <\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"width:311.67px;border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <b>Press:<\/b>\n          <\/td>\n<td style=\"width:311.67px;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <b>Investors:<\/b>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.67px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\"> Sofia Corral,   Director Corporate Communications<br \/><a href=\"mailto:press@millicom.com\" rel=\"nofollow\" target=\"_blank\">press@millicom.com<\/a><\/td>\n<td style=\"width:311.67px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\"> investors@millicom.com <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <b>About Millicom<\/b><br \/>\n        <br \/>Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America.<br \/>Through its TIGO\u00ae and Tigo Business\u00ae brands, the company provides a wide range of digital services and products,<br \/>including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of June 30, 2025, Millicom,<br \/>including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable<br \/>services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million<br \/>homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTEyMjk2MyM0MDIxOTg0ODQjMjAwMTYxNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/ZmFiMzgzM2ItZjM4Ni00NDdlLWEyMTMtOTcwNTI2MzJhZjIwLTEwMTMxODgtMjAyNS0wOC0xNC1lbg==\/tiny\/Millicom-International-Cellula.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel Luxembourg, August 14, 2025 \u2013 Millicom (Tigo) today announced a key agreement with Empresas P\u00fablicas de Medell\u00edn (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\u2019s Law 226 sale process, subject to the terms published by EPM on July 1, 2025, in which EPM set a minimum price of COP$418,741 per share of Tigo-UNE, representing a total consideration of approximately USD $520 million. The agreement includes customary legal protections and EPM secured an extension of its existing exit rights if &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-reaches-strategic-agreement-with-epm-to-facilitate-merger-process-with-coltel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-876123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-reaches-strategic-agreement-with-epm-to-facilitate-merger-process-with-coltel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel Luxembourg, August 14, 2025 \u2013 Millicom (Tigo) today announced a key agreement with Empresas P\u00fablicas de Medell\u00edn (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\u2019s Law 226 sale process, subject to the terms published by EPM on July 1, 2025, in which EPM set a minimum price of COP$418,741 per share of Tigo-UNE, representing a total consideration of approximately USD $520 million. 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