Millicom (Tigo) announces successful bid for EPM’s Stake in UNE

Core Insights - Millicom has successfully acquired 100% of EPM's remaining shares in UNE EPM Telecommunicaciones S.A. through a public auction, enhancing its ownership in UNE to nearly 100% [2][3] Financial Details - The bid was priced at COP 418,741 per share, totaling approximately COP 2.1 trillion (around USD 571 million) [3] Strategic Implications - The transaction is set to close on January 29, 2026, which will enable Millicom to streamline operations in Colombia and accelerate strategic integration plans [4] Company Overview - Millicom is a leading telecommunications provider in Latin America, offering a variety of digital services including mobile financial services, pay TV, and business solutions [6] - As of September 30, 2025, Millicom employed around 14,000 people and served over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [6]