Acquiring Company
Millicom International Cellular
Acquired Company
Coltel
Luxembourg City
ColombiaHardwareMobileTelecommunicationsHardwareVoipDescription
Millicom has significantly expanded its operations by acquiring the majority stake in Coltel from Telefónica, along with EPM’s 50% interest in Tigo UNE. These acquisitions have transformed Millicom's scale in Colombia, contributing to a notable increase in postpaid subscribers. The company continues to pursue growth opportunities in Latin America and aims to enhance its market position further.
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Based on deal dataFrequently asked
Who acquired Coltel?
Coltel was acquired by Millicom International Cellular, based in Luxembourg City. The deal was reported on August 9, 2026. Millicom International Cellular is a telecommunications and media company. It provides mobile and fixed-line services and is known for its operations in Latin America and Africa. Millicom International Cellular is publicly traded (TIGO) and operates in Hardware.
When did Millicom International Cellular acquire Coltel?
Millicom International Cellular's acquisition of Coltel was reported on August 9, 2026. Millicom has significantly expanded its operations by acquiring the majority stake in Coltel from Telefónica, along with EPM’s 50% interest in Tigo UNE. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Coltel do?
Coltel is a telecommunications provider in Colombia known for offering mobile and fixed-line services. The company has been involved in various strategic partnerships and is focused on enhancing connectivity and service quality. It is privately held, operating in Hardware, and is based in Colombia.
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