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Millicom strengthens position with Coltel acquisition

PUBLIC · TIGOAug 09, 2026•about 2 hours ago

Acquiring Company

Millicom

Acquired Company

Coltel

Luxembourg CityColombiaHardwareMobileTelecommunicationsHardwareVoip

Description

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.

Company Information

Company

Millicom

Location

2 Rue du Fort Bourbon

Luxembourg City, Luxembourg, Luxembourg

About

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2023, Millicom, including its Honduras Joint Venture, employed approximately 19,000 people, and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

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