Millicom and Telefonica Explore Merger in Colombia
Millicom (Tigo) and Telefonica have announced a non-binding memorandum of understanding to potentially merge Telefonica Colombia (Coltel) with TigoUne, reducing the number of telecom operators in the country from four to three. Millicom plans to acquire Telefonica’s stake in Coltel for approximately USD 400 million in cash and is also looking … Read More