US EditionMilicom Launched an Opa for up to 2.330 Million Movistar Colombia Shares
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The multinational Millicom Colombia Holding S.A.S. presented a Public Offer of Acquisition (OPA) to buy up to 2,330 million ordinary shares of Colombia Telecommunications S.A. E.S.P. (Coltel), the company behind the Movistar Colombia brand listed on the Colombian Stock Exchange. The operation, payable in cash, represents between 54.68% and 68.35% of the company's capital in circulation, marking a key step in the reorganization of the country's t…
The price offered is US$0.0932 per share, payable in cash. Shareholders may choose to receive payment in Colombian pesos or in dollars
The OPA advances for the sale of ColTel shares. Image: eleconomista.net. The change of control of Colombia Telecommunications (ColTel), which operates under the Movistar brand in the country, had an important advance this Friday with the publication of two key documents, which allow to anticipate the future of the company that would remain in the hands of Millicom. On the one hand, the announcement of the Public Offer of Acquisition (OPA) was pu…
In a dynamic economic scenario where inflation drives innovation in the telecommunications sector, Movistar launched a strategic proposal that boosts the purchasing power of Colombians. With integrated plans that merge high-speed connectivity, premium entertainment and exclusive benefits, the company reaffirms its leadership by delivering maximum value and opportunities in times of growth.
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