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

In terms of locations, Cartagena is the current speed champion with a median fixed download speed of 146.74 Mbps.

Colombia’s mobile market is the most saturated in the Andean region, with over 82 million mobile lines for its 50 million citizens.

Petro is confusing fiber optics with public wi-fi hotspots and demonstrates a lack of understanding of telecommunications in his desire to create a socialist utopia.

Telefónica Movistar is the second largest telecommunications operator in Colombia, offering mobile, fixed & B2B services.

Colombia ranks 4th in download speed for broadband & 10th in mobile speed, out of 11 South American Countries.

Movistar is a major wireless communications brand in Colombia, owned by Telefónica.

The new partnership is valued at $0.5 billion, approximately 20 times OIBDA pro forma and $410 Enterprise Value per Past Real Estate Unit.

Calculating mean latency for top mobile providers in Colombia during Q3 2021, Tigo had the lowest latency at 38 ms.

With this new offer, Bogotá area residents and businesses will have access to some of the fastest symmetrical internet speeds in the world, at a sub $100 USD price point.