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Colombia’s mobile market is the most saturated in the Andean region, with over 82 million mobile lines for its 50 million citizens.

Colombia ranks 4th in download speed for broadband & 10th in mobile speed, out of 11 South American Countries.

Avantel is in the process of being acquired by Telecom Partners Colombia, operating under the retail brand “WOM.”

In an auction that raised 5 trillion pesos ($1.5 Billion USD), Colombia allocated mobile spectrum to operators America Movil (Claro) (NYSE: AMX, BMV: AMXL) and Millicom (Tigo) (NASD: TIGO, STO: TIGO SDB), and to British private equity investors Novator Partners. Telefónica’s...