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After 1 week, Alejandro Calderón Chatet will no longer be CEO of EPM.
2

EPM Governance Crisis Deepens: New CEO Alejandro Calderón Chatet Resigns, 1 Week After Being Appointed

The letter of resignation came just hours after a contentious press conference where Calderón wished to discuss his investment plan, but the press, including Finance Colombia, wished to delve into the numerous gaps and inconsistencies in his qualifications.
Posted On April 12, 2021
, By Loren Moss
1

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...
Posted On September 1, 2020
, By Loren Moss
0

Medellín’s Governance Crisis Spreads To Tigo Une: Federico Arango Toro Resigns Board Via Scathing Repudiation Of Mayor Daniel Quintero

“The recent acts under your responsibility as manager of EPM, and being mayor, as the president of its board of directors, reconfirms to me that the necessary identity of principles no longer exist to continue acting in the representation of EPM, for that I am presenting my...
Posted On August 19, 2020
, By Loren Moss
Sylvia Constain, Colombia's Minister of Information Technology & Communications (with microphone)
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Colombia Auctions Mobile Spectrum To 3 Bidders For $1.5 Billion USD

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...
Posted On December 30, 2019
, By Loren Moss
tigo colombia tigo une
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Fitch Affirms Tigo & UNE’s Parent Millicom Cellular As BB+, Stable Outlook

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s...
Posted On January 9, 2016
, By Loren Moss
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Millicom’s Tigo And UNE Brands Contributing To Strong Q1 2015 Results

Millicom International Cellular (NASDAQ:MICC) (STO:MIC), the Luxembourg based global telecom operating the Tigo and UNE brands in Colombia is reporting strong first quarter revenue growth across its operating units. While the weakness of the Colombian Peso has served as a drag on...
Posted On April 22, 2015
, By Loren Moss
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Ruta N Technology Incubator Anchors Medellin’s Innovation District, Driving Business Growth And Social Inclusion

While Colombia’s center of government may rest in Bogotá, the second largest city of Medellín has always been an economic engine and home to some of Colombia’s largest enterprises. Free of the confrontational politics and scandal that have often plagued the country’s capital,...
Posted On April 13, 2015
, By Loren Moss
1

ETB Reports Record 20-Year Profits, New Board of Directors Elected At Shareholder Meeting

The General Shareholders’ Meeting of 2015 took place yesterday for Empresa Telefónica de Bogotá (ETB), where an improvement in the telecom’s balance sheet of an increase in equity (25.6%) and a decrease in liabilities (29.1%) during the last three years was the highlight,...
Posted On March 25, 2015
, By Loren Moss
tigo colombia tigo une
0

Millicom International Cellular, “Tigo,” Reports Strong 2014 Results

Millicom International Cellular, operating in Colombia and other Latin American markets as Tigo, reported last week strong revenue growth, up 14.9% to $6.39 billion (all figures in USD) and an EBITDA of $2.09 billion, revealing a solid operating margin of 32.8%. The resultant...
Posted On February 16, 2015
, By Loren Moss
Pictured, from left to right: Gabriel Vallejo, Minister of Environment and Sustainable Development, Diego Molano Vega, Minister of Information and Communications Technologies, Nancy Patricia Gutiérrez, President Asomovil, Sergio González Guzmán, CEO Asomovil, Sebastian Cabello, Head of GSMA Latin America GSMA, Ariel Ponton, CEO Movistar, Santiago Pardo, VP Regulation for Claro, Marcelo Cataldo, VP Unidad Movil, Tigo – Photo courtesy GSMA
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Mobile Phone Industry Launches Customer Experience Initiative With Government, Trade Groups

Colombian mobile operators Claro, Telefónica Movistar and Tigo and trade association Asomóvil, together with the GSMA industry group today announced a series of joint initiatives to enhance mobile users’ experiences throughout the country. These initiatives are supported by the...
Posted On February 12, 2015
, By Loren Moss




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RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

[…] The Reason Foundation’s Daniel...

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[…] Finance Colombia: Colombia and...

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