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The funds will be used to "prioritize the construction of digital highways" and "expand the connectivity service to millions of users," said the companies.

With Colombia's third largest mobile carrier in financial turmoil, the radical change was agreed to at the September 13 shareholder meeting.

EPM revealed the $983 million USD settlement sum last month after a court ordered the Colombian public utility to disclose the figure paid by its insurer Mapfre.

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

"We’re creating strategies for innovation, technology, and new ways of designing 4.0 technology to reach citizens from the farthest, most depressed, and most violent districts," said Juan Camilo Mergesh.

EPM and the French Development Agency signed a second credit contract aimed at funding EPM’s social projects.

After mismanaging contractor relationships, EPM is left without a contractor to finish its Hidroituango hydroelectric project.

Despite having lowered the requirements on the behest of the bidding consortium, the EPM has rejected one of the companies in them due to allegedly not meeting them anyways.

Marquez wants the Cuban system. Petro promises more limited reforms...for now.

Prosecutors are investigating whether Quintero & Carrillo caused or allowed insurance coverage to lapse on the $5 billion hydroelectric dam.