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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...

“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...

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...

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...

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...

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,...

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,...

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...

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...