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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.

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...

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.

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.

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...

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,...

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...

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...