Gobierno aprobó el inicio de la enajenación de sus activos en Coltel, operadora de Movistar en Colombia

TL;DR

The Colombian government is selling its 32.5% stake in Coltel (Movistar Colombia).
The reference price per share is set at $772.38.
The transaction is projected to generate over $850 billion COP.
A special transitional regime will be in place to safeguard telecommunications services, user rights, and market competition.
The sale will occur in two stages: first to special groups (employees, pensioners, unions, etc.), then to the general public.
This divestment is a step towards the potential integration of Tigo and Movistar, which received conditional approval from the SIC.

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