Telefonica sells its Colombian unit to Millicom

Millicom to acquire Telefónica's Colombian unit for $400m
Millicom International Cellular has struck an agreement with Telefónica to acquire the company's Colombian unit for $400 million. Latin American telecoms group Millicom has been in talks with the telco for several months over a deal.
Telefónica sells Colombian unit to Millicom for $400 million
Telefónica noted its Hispam division- which includes all of its Latin American operations except Brazil- remains a significant revenue generator
Telefonica sells its Colombian unit to Millicom for $400 million
Spanish telecom company Telefonica agreed to sell its stake in its Colombian unit to Millicom for $400 million, as part of a strategy to gradually reduce its exposure to Latin America, it said on Wednesday evening.
Telefonica, Millicom strike Colombia deal
Millicom inked a binding agreement with Telefonica for the purchase of a majority stake in the Spanish operator group's Colombia business.
Telefonica Sells Colombia Business to Millicom For $400 Million
Telefonica agreed to sell its business in Colombia to Millicom Spain for $400 million as the telecommunications company seeks to gradually reduce its exposure to Latin America.
Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia
Luxembourg, March 12, 2025 – Pursuant to the announcement on July 31, 2024, Millicom and Telefonica have entered into a definitive agreement for the acquisition by Millicom of Telefonica’s ...
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Millicom Swoops Up Telefonica’s Coltel in $400M Deal
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