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Millicom and EPM amended their agreement, adding a put option for EPM and extending the Public Property Protection Clause to December 31, 2026.

EPM will register UNE shares temporarily and proceed with their sale after board approval and price setting, per Colombian Law 226/1995.

The company explained that its decision is driven by new market dynamics and the constant changes in the telecommunications industry.

"The improvements in the ratings and the stabilization of the outlook reflect the strengthening in Tigo UNE's liquidity."

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.

The 2023 Bonds & Loans event will take place November 27th & 28th at The Ritz-Carlton Key Biscayne, Miami

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.

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...