Preciado took to Twitter to publicly reject the offer. Curiously these public rebukes took place after Quintero announced the appointments, leaving the question of whether he spoke to these individuals beforehand.
In July, 5 companies will begin 5G network trials in the Colombian cities of Medellín, Bogotá, Tolú, Barrancabermeja, and Cali. Meanwhile the country announced a strategy to move consumers at least to 4G and dismantle the aged 2G mobile telecommunications network.
Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.
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...