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EPM expressed unease after learning that Carrillo had received one of the lowest scores in the selection process for the role.

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

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

Bond investors and ratings agencies will be watching closely for signs that Carrillo has both the autonomy and acumen to successfully move the company forward while avoiding the political intrigue brewing in Colombia’s second largest city.