Telefónicawatch

Millicom ‘nearing’ firm deal with Telefónica on Colombian buyout

2025-03-03T14:33:00

tfw191-tt-millicom-colombia

Source: Flavia Carpio / Unsplash

Telefónica and Millicom said to be within weeks of firming up a formal agreement on consolidation of their Colombian businesses, preparing the way for Telefónica to exit the market. Movement also being seen on parallel effort to secure antitrust approval for transaction, and proposed buyout of government minority holding in Telefónica Colombia.

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