Globenewswire·2026-01-27 21:00Core Insights - Millicom has successfully acquired 100% of EPM's remaining shares in UNE EPM Telecommunicaciones S.A. through a public auction [2][3] - The bid was priced at COP 418,741 per share, totaling approximately COP 2.1 trillion (around USD 571 million) [3] - This acquisition will increase Millicom's ownership in UNE to nearly 100%, enhancing operational efficiency and strategic integration in Colombia [3][4] Financial Details - The total consideration for the acquisition is approximately COP 2.1 trillion, equivalent to USD 571 million [3] - The transaction is set to close on January 29, 2026, in line with auction rules [4] Operational Impact - The acquisition will simplify Millicom's ownership structure, allowing for streamlined operations in Colombia [4] - Millicom aims to accelerate its strategic integration plans following the completion of this acquisition [4] Company Overview - Millicom is a leading provider of telecommunications services in Latin America, offering a range of digital services including mobile financial services and pay TV [5] - As of September 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers [5]