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

Intellias expects to hire up to 60 specialists in Colombia by the end of 2023.

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.

Rural areas in Colombia significantly lag urban areas for telecom & internet access. Cost remains a barrier for many.

"The ITU, the International Communications Union, considers CINTEL, and Andicom, one of the best ICT academic business spaces of the world"

The Colombian government confirmed that Claro and Movistar have submitted payments for the enormous fines levied against them.

Dalila Hernández, legal secretary for the mayor’s office, said the city will appeal the ruling within 10 days. "The debate is not over," she said.

One sector Fitch sees having a tough year ahead is telecom, due to the pressure on credit profiles from low profits and free cash flow.

Cable & Wireless continues to grow in Colombia, with its expansion plan paying dividends in the financial services and education sectors.

The telecom giant must pay back $2 million USD to clients who incurred an irregular charge while switching service plans, says the Superintendency of Industry and Commerce.