Millicom Wins Auction for Full Ownership of Tigo Colombia

Reuters01-28
Millicom Wins Auction for Full Ownership of Tigo Colombia

Millicom (Tigo) has secured 100% of EPM’s remaining shares in UNE EPM Telecommunicaciones S.A. (Tigo Colombia) through a winning bid of COP 418,741 per share, totaling approximately COP 2.1 trillion (about USD 571 million). The transaction is expected to close on January 29, 2026, and will consolidate Millicom’s ownership of UNE to nearly 100%. This move is set to further streamline Millicom’s operations in Colombia and accelerate its strategic integration plans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millicom International Cellular SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001161560-en) on January 27, 2026, and is solely responsible for the information contained therein.

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