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Millicom (Tigo) Successfully Concludes Tender Offer for Telefónica’s Controlling Stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel)
Globenewswire· 2026-02-05 21:00
Core 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].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-11-27 08:56
Starlink Mini: Global Impact• Backpack-sized, $200–$599 dish• 100–250 Mbps anywhere, runs on USB-C/solar• Serves 6–8M users in 115+ countries (2025)Key Impacts• Connects 2.6B offline people — rural schools, clinics, farms now online• Powers disaster response (hurricanes, war zones) in minutes• Enables digital nomads, remote workers, off-grid businesses• Fastest growth: Africa, Latin America, Asia — driving education, e-commerce, IoTOne small dish. Billions of lives changed ...
Health In Tech Donates 60 Computers to Diocese of Srikakulam to Empower Education and Community Development
Prnewswire· 2025-07-23 10:30
Core Insights - Health In Tech has donated 60 new computers to the Diocese of Srikakulam, enhancing educational opportunities and promoting digital inclusion for children and families in the region [1][2] - The donation aligns with Health In Tech's commitment to community impact beyond health insurance and technology solutions, emphasizing the importance of technology in education [1][3] Company Overview - Health In Tech (Nasdaq: HIT) is an Insurtech platform company utilizing third-party AI technology to improve processes in the healthcare industry through vertical integration, process simplification, and automation [5] - The company aims to streamline the underwriting, sales, and service processes for insurance companies, licensed brokers, and third-party administrators (TPAs) [5] Community Impact - The Diocese of Srikakulam expressed gratitude for the donation, highlighting its potential to enhance learning and skill-building for vulnerable children [2] - The donated computers will support educational programs and digital literacy initiatives, addressing the digital divide in underserved areas [2][3] - Health In Tech's donation reflects its alignment with Environmental, Social, and Governance (ESG) values, particularly in promoting digital inclusion and social equity [3] Future Collaboration - Health In Tech is dedicated to fostering community partnerships and encourages collaboration with other organizations and individuals to create lasting positive change [4]
Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America's telecommunications industry
Newsfilter· 2025-04-08 21:16
Core Insights - Millicom has released its 2024 Annual Report, highlighting a transformative year in the telecommunications industry in Latin America [1][2] - The report emphasizes a renewed strategic focus, operational efficiency, and a commitment to expanding digital inclusion across the region [2] Company Overview - Millicom, operating under the TIGO brand, is a leading provider of fixed and mobile telecommunications services in Latin America, offering a wide range of digital services including mobile financial services, local entertainment, and pay TV [4] - As of December 31, 2024, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint reaching about 14 million homes [4] Strategic Positioning - The company is positioned to capitalize on new opportunities in the telecommunications sector, supported by robust fixed and mobile networks, comprehensive digital platforms, and diverse content offerings [3] - Millicom aims to meet the growing demand for connectivity and digital services while maintaining consistent financial performance [3]
Can VZ Capitalize on Santander Tie-Up to Boost Customer Benefits?
ZACKS· 2025-03-18 14:40
Core Insights - Verizon Communications Inc. is reportedly considering a partnership with Banco Santander to enhance customer satisfaction through extended bill credits for customers opening high-yield savings accounts with Santander's digital bank platform [1][3] - Santander aims to strengthen its presence in the U.S. by leveraging Verizon's customer base to develop its technology platform for consumer banking [2][3] - The partnership is part of Santander's strategy to establish itself as a full-service digital bank in the U.S. after launching its digital bank in October 2024 [3] Verizon's Business Strategy - Verizon focuses on a customer-centric model, delivering faster peak data speeds and capacity through disciplined engineering and infrastructure investments [4] - The company is experiencing significant 5G adoption and momentum in fixed wireless broadband, with various pricing plans leading to solid customer additions [5] - Verizon's growth strategy includes expanding its 5G mobility, nationwide broadband, and mobile edge compute solutions [6] Market Performance - Verizon's stock has gained 9.3% over the past year, while the industry has grown by 40.6% [7]