Millicom, EPM Close to Phone Tie-up

Millicom, EPM Close to Phone Tie-up

Colombia M&A

Millicom International Cellular has entered into exclusive negotiations with Empresas Publicas de Medellin (EPM) regarding the possible combination of their Colombian telecom operations, the companies say. No value has been announced for the deal. The pair have partnered for six years. City-owned EPM controls cable and telephony provider UNE EPM Telecomunicaciones, which in turn owns 25% of Colombia Movil. Colombia Movil operates the Tigo brand and is majority owned by Millicom. A more complete

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