{"id":955035,"date":"2026-04-27T16:52:48","date_gmt":"2026-04-27T20:52:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\/"},"modified":"2026-04-27T16:52:48","modified_gmt":"2026-04-27T20:52:48","slug":"millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\/","title":{"rendered":"Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <b>Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel<\/b>\n      <\/p>\n<p align=\"center\">\n        <i>This milestone enhances scale and investment capacity to strengthen network capabilities and support future growth in Colombia.<\/i>\n      <\/p>\n<p align=\"justify\">\n        <b>Luxembourg, April 27, 2026 \u2013 <\/b>Millicom International Cellular S.A. (&#8220;Millicom&#8221;) today announced it has acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (&#8220;Coltel&#8221;) formerly held by La Naci\u00f3n. This milestone follows the successful conclusion of the tender offer for Telef\u00f3nica\u2019s controlling stake in February 2026 and marks the final step in Millicom\u2019s strategic consolidation of the entity. <\/p>\n<p align=\"justify\">The acquisition represents a decisive moment for the Colombian telecommunications sector. By integrating Coltel fully into its operations, Millicom is creating a large-scale, financially viable operator with the enhanced investment capacity required to accelerate the country\u2019s digital transformation. <\/p>\n<p align=\"justify\">The consolidation delivers the scale needed to accelerate nationwide 5G deployment, enhance service quality through combined technical capabilities, and support government efforts to expand digital inclusion\u2014ultimately providing faster, more reliable connectivity and a more seamless digital experience for millions of Colombians.<\/p>\n<p align=\"justify\">The transaction takes place in an evolving competitive landscape, where traditional operators compete with global digital platforms, satellite providers, and other connectivity players. Scale, investment capacity, and operational efficiency are key to remaining competitive.<\/p>\n<p align=\"justify\">&#8220;<i>This final step in the acquisition of Coltel reflects our long-term commitment and conviction in Colombia as a core market,&#8221; <\/i>said Marcelo Benitez, CEO of Millicom<i>. &#8220;By unifying these operations, we are strengthening our ability to compete in a rapidly evolving industry, accelerate next-generation infrastructure, and contribute to Colombia\u2019s long-term digital and economic development.<\/i>&#8220;<\/p>\n<p align=\"center\">-END-<\/p>\n<p align=\"justify\">\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:316.2px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <b>Press: <\/b><br \/>\n            <b><br \/>\n              <br \/>\n            <\/b>Sof\u00eda Corral, Director Corporate Communications<br \/>press@millicom.com<\/td>\n<td style=\"width:316.2px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <b>Investors: <\/b><br \/>\n            <br \/>Luca Pfeifer, VP for Investor Relations<br \/>investors@millicom.com <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <b>About Millicom<\/b>\n      <\/p>\n<p align=\"justify\">Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO\u00ae and Tigo Business\u00ae brands, the company provides a wide range of digital services and products, 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 December 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people and provided mobile and fiber-cable services through its digital highways to approximately 52 million customers, with a fiber-cable footprint over 14 million 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=MTAwMTE3ODI4OSM0MDIzODE5MzkjMjAwMTYxNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/MTM3MDc1ZDEtNDgwMS00YzA0LWE3NzYtMTg4MWY1OTA5ODFiLTEwMTMxODgtMjAyNi0wNC0yNy1lbg==\/tiny\/Millicom-International-Cellula.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel This milestone enhances scale and investment capacity to strengthen network capabilities and support future growth in Colombia. Luxembourg, April 27, 2026 \u2013 Millicom International Cellular S.A. (&#8220;Millicom&#8221;) today announced it has acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (&#8220;Coltel&#8221;) formerly held by La Naci\u00f3n. This milestone follows the successful conclusion of the tender offer for Telef\u00f3nica\u2019s controlling stake in February 2026 and marks the final step in Millicom\u2019s strategic consolidation of the entity. The acquisition represents a decisive moment for the Colombian telecommunications sector. By integrating Coltel fully into its operations, Millicom is creating a large-scale, financially viable operator &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in 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-955035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in 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-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel This milestone enhances scale and investment capacity to strengthen network capabilities and support future growth in Colombia. Luxembourg, April 27, 2026 \u2013 Millicom International Cellular S.A. (&#8220;Millicom&#8221;) today announced it has acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (&#8220;Coltel&#8221;) formerly held by La Naci\u00f3n. This milestone follows the successful conclusion of the tender offer for Telef\u00f3nica\u2019s controlling stake in February 2026 and marks the final step in Millicom\u2019s strategic consolidation of the entity. The acquisition represents a decisive moment for the Colombian telecommunications sector. By integrating Coltel fully into its operations, Millicom is creating a large-scale, financially viable operator &hellip; Continue reading &quot;Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-27T20:52:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTE3ODI4OSM0MDIzODE5MzkjMjAwMTYxNQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel\",\"datePublished\":\"2026-04-27T20:52:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/\"},\"wordCount\":424,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMTE3ODI4OSM0MDIzODE5MzkjMjAwMTYxNQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-strengthens-its-position-in-colombia-following-the-successful-acquisition-of-the-government-stake-in-coltel\\\/\",\"name\":\"Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel - 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