TELEFÓNICA

Telefónica Exits Colombia After Completing Sale to Millicom

March 13, 2025March 13, 2025 - by Allegra Nguyen - Leave a Comment

Telefónica has exited Colombia following its sale to Millicom, marking a significant strategic shift. This decision reflects ongoing consolidation trends in the telecommunications sector in Latin America. The exit allows …

Business

Telefónica to Divest Stake in Colombia Telecom for $400 Million

March 12, 2025March 12, 2025 - by Sofia Nawab - Leave a Comment

Telefónica is selling a 67.5% stake in Colombia Telecom to Millicom for $400 million. This transaction is in line with the company’s strategy to reduce its exposure in Hispanoamérica. The …