Millicom(US:TIGO) Globenewswire·2026-02-05 21:00Core Insights - Millicom has successfully completed a tender offer to acquire Telefónica's controlling 67.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) for USD 214.4 million, with the closing of the acquisition expected on February 6, 2026 [1][2]. Industry Impact - The acquisition aims to strengthen Colombia's telecommunications sector by creating a financially solid operator capable of delivering critical upgrades in networks, spectrum, and technology, thereby enhancing access to advanced digital services and accelerating the rollout of fiber and 5G [3][4]. Company Strategy - Millicom intends to build a stronger telecommunications platform in Colombia, reinforcing competition and accelerating investment in next-generation infrastructure to support the country's digital transformation and sustainable development [4][5]. - The CEO of Millicom emphasized the importance of this acquisition in enhancing the company's scale, resilience, and investment capacity, which will facilitate faster deployment of fiber and 5G services, ultimately improving service quality for millions of Colombians [5]. Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands, and serving over 46 million customers with a fiber-cable footprint covering more than 14 million homes [8].