Sale of Movistar shares in Colombia would generate more than $856 billion for the National Treasury

April 24, 2026

TL;DR

The Comptroller General's Office is monitoring the sale of 32.5% of Colombia Telecomunicaciones S.A. E.S.P. BIC shares.
The sale involves public funds estimated at at least $856 billion.
The focus is on the efficient use of these resources for economic and social impact, particularly in connectivity and digital transformation.
Millicom Colombia Holding S.A.S. is the interested party in the acquisition.
The Comptroller emphasizes transparency, public asset defense, and service continuity.
Adequate valuation of shares, with a reference price of $772.38 per share, is crucial.
The Ministry of Finance plans to use the funds for strategic investments, especially to close the digital divide.
Limitations in the digital sector include infrastructure and digital skills, which represent 34.7% of the total gap.
Public resource allocation should prioritize digital human capital and technological appropriation for sustainable impact.

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