Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)
Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)
- Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)
Luxembourg, October 13, 2023 – Millicom announced today an agreement between Millicom and Empresas Públicas de Medellin (“EPM”) to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE). - Each partner will contribute 300 billion Colombian pesos (approximately 71 million U.S. dollars) for a total capital contribution of approximately 142 million U.S. dollars to Tigo-UNE.
- The funds will strengthen the company’s financial profile and support the continued development of Tigo-UNE's business strategy.
- Millicom thanks the Colombian authorities for their support to both parties during the negotiation of this agreement.