Millicom-owned cellular operator Tigo Colombia has agreed to pay off all of the debt of Empresas Publicas de Medellin (EPM) ahead of the proposed merger between Tigo and EPM’s telecoms arm Une-EPM. The debt, amassed since 2006, is worth COP181.4 million (USD94 million) Telesemana reports. The two firms hope that negotiations between them can be finalised by the end of next month, with the merger expected to take place in the first quarter of 2014. The integrated company would exploit the complementary geographic coverage of Une and Tigo and offer a comprehensive range of bundled digital services including mobile and fixed telephony, mobile and fixed broadband and pay-TV, the firms say.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors