Millicom (Tigo) and Telefonica sign definitive sale-purchase agreement in Colombia
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Millicom (Tigo) has signed a definitive agreement to acquire Telefonica's 67.5% stake in Coltel, with plans to purchase the remaining shares from other investors, pending regulatory approvals.
March 12, 2025 | 11:00 pm
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NEUTRAL IMPACT
Telefonica has agreed to sell its 67.5% stake in Coltel to Millicom, marking a strategic divestment. The transaction is pending regulatory approvals.
Telefonica's sale of its stake in Coltel is a strategic divestment, which may not significantly impact its stock price in the short term. The deal's completion depends on regulatory approvals.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Millicom (Tigo) is set to acquire Telefonica's 67.5% stake in Coltel, with plans to purchase the remaining shares. The deal is subject to regulatory approvals.
The acquisition of a controlling stake in Coltel by Millicom is a significant expansion move, likely to positively impact Millicom's market position in Colombia. The deal's completion is contingent on regulatory approvals, which introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100