EPM, Millicom Solidify Telco Tie-up

EPM, Millicom Solidify Telco Tie-up

Colombia M&A

Millicom has agreed to the basic terms for merging its Colombian wireless operations with Empresas Publicas de Medellin’s (EPM) fixed-line operator UNE, the two parties say, following talks initiated earlier this year. The two will form a new combined entity in a transaction that values UNE at $2.1bn and the Colombia Movil business that operates the Tigo wireless brand at $1.3bn. Luxembourg-based EM telecom operator Millicom will contribute its 50% stake in Colombia Movil. UNE holds 25% of Colom

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial