tech
April 28, 2026
'Integration allows us to compete with greater scale in an increasingly demanding market': Millicom (Tigo) CEO
Portafolio Journalist 27.04.2026 16:23 Updated: 27.04.2026 16:23
TL;DR
- Millicom now owns 100% of Colombia Telecomunicaciones S.A. E.S.P. (Coltel) after acquiring the remaining 32.5% stake from La Nación.
- This acquisition concludes Millicom's strategic consolidation in Colombia, following an offer for Telefónica's controlling stake.
- Millicom CEO Marcelo Benítez stated the acquisition reflects a long-term commitment to Colombia and confidence in its market potential.
- The unified operations are expected to strengthen Millicom's competitive position, accelerate next-generation infrastructure deployment, and contribute to Colombia's digital and economic development.
- The company expects the consolidation to facilitate national 5G network deployment, improve service quality through integrated technical capabilities, and advance digital inclusion.
- Increased scale, operational efficiency, and investment capacity are identified as crucial for competitiveness against global digital platforms, satellite providers, and new connectivity players.