Overview
- Telefónica transferred its 67.5% stake in Colombia Telecomunicaciones to Millicom after regulatory clearances, reporting an estimated net‑debt reduction of about €1.55 billion.
- The consideration closed at $214 million (about €182 million) following customary adjustments from earlier indicated figures near €368 million.
- Colombia’s state still holds 32.5% of Coltel, and Millicom expects the government’s planned privatization phase to proceed around April before unifying operations.
- Colombia’s competition authority cleared a Tigo–Movistar integration with conditions in November, and Millicom says the combined entity will scale investment in spectrum, fiber and 5G to challenge Claro.
- Telefónica continues its regional retrenchment with a reported late‑stage sale process for Movistar Chile where Millicom is viewed as the frontrunner, while exits in Mexico and Venezuela remain unresolved.