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Telecommunications Services (TRBC level 3)

Millicom Buys Telefónica Colombia for $214M

06/02/2026 by Sophia Patel — Business & Finance Editor

Colombia’s Telecom Landscape Shifts: Millicom’s Acquisition of Movistar Signals a New Era of Consolidation and 5G Investment Just 15% of Colombians had access to 4G LTE in 2015. Now, with Millicom’s $214 million acquisition of Telefónica Colombia, the nation’s telecom sector is poised for a dramatic acceleration into the 5G era, but at the cost … Read more

Categories Business Tags Corporate Logo, Financials (TRBC level 1), LEGACY: Financials (TRBC), South America / Central America, Telecommunications Services (Legacy), Telecommunications Services (TRBC level 3)

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