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Movistar Issues $500 Million USD In Bonds

Telefonica’s Colombian subsidiary Colombia Telecomunicaciones, operating under the Brand name Movistar, has raised $500 million USD in senior unsecured notes, the company has announced. $350 million of the placement proceeds will be used to replace senior unsecured notes issued...

Posted On July 30, 2020

, By Loren Moss

Image by Finn Maxwell Cousineau from Pixabay

5 Firms To Begin 5G Network Trials In Colombia While 4G Deployment Continues

In July, 5 companies will begin 5G network trials in the Colombian cities of Medellín, Bogotá, Tolú, Barrancabermeja, and Cali. Meanwhile the country announced a strategy to move consumers at least to 4G and dismantle the aged 2G mobile telecommunications network.

Posted On June 29, 2020

, By Loren Moss

movistar colombia fine million ultramagic

Colombia Telecomunicaciones’ (Movistar) Credit Ratings Remain Stable

Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.

Posted On June 29, 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

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Telefónica Sells 2,029 Mobile Towers In Ecuador & Colombia To Phoenix Tower International

After announcing a plan to move away from Latin American markets, Madrid based Telefónica (BME: TEF) has sold 621 Colombian mobile telephony towers to Florida-based Phoenix Tower International, and agreed to sell 521 more Colombian towers and 1,408 towers in Ecuador. In Colombia,...

Posted On December 24, 2019

, By Loren Moss

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Telefonica Seeking To Spin Off Non-Brazil Latin America Operations

Spanish telephone company Telefónica (BME: TEF) announced this week in a letter to from the CEO that it intends to spin off its Spanish-language Latin America operations in order to focus on business in Spain, Brazil, Germany and the United Kingdom. According to the company in a...

Posted On November 29, 2019

, By Loren Moss

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Fitch Upgrades ColTel (Movistar) to ‘BBB-‘; Outlook Stable

Fitch Ratings has upgraded Colombia Telecomunicaciones S.A. E.S.P.’s (ColTel) Foreign Currency (FC) and Local Currency (LC) Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the 2022 notes to ‘BBB-‘ from ‘BB+’, and the hybrid...

Posted On October 4, 2019

, By Loren Moss