Millicom (Tigo) announces successful bid for EPM’s Stake in UNE
Millicom (Tigo) announced on January 27, 2026 that it won 100% of Empresas Públicas de Medellín’s remaining shares in UNE (Tigo Colombia) via a public auction.
Rhea-AI Summary
Millicom (Tigo) announced on January 27, 2026 that it won 100% of Empresas Públicas de Medellín’s remaining shares in UNE (Tigo Colombia) via a public auction.
The bid price was COP 418,741 per share, totaling approximately COP 2.1 trillion (about USD 571 million). The transaction is expected to close on January 29, 2026, after which Millicom’s ownership in UNE will consolidate to nearly 100% and the company says the simplified ownership structure will help streamline operations and accelerate strategic integration in Colombia.
Positive
- Ownership consolidated to nearly 100% of UNE
- Transaction value approximately COP 2.1 trillion (~USD 571m)
- Closing date expected on January 29, 2026, providing timeline clarity
- Simplified structure expected to streamline operations and accelerate integration
Negative
- Cash outlay of approximately COP 2.1 trillion (~USD 571m) required for the acquisition
Details
News Market Reaction – TIGO
On Jan 28, the first trading day after this news, TIGO closed 0.56% above the previous close.
Data tracked by StockTitan Argus for the Jan 28 session.
Key Figures
- Bid price per share
- COP 418,741
- Bid for EPM’s remaining UNE shares
- Total consideration
- COP 2.1 trillion
- Total value of UNE stake acquisition
- USD consideration
- USD 571 million
- Approximate USD value of UNE stake purchase
- Stake acquired
- 100%
- EPM’s remaining shares in UNE acquired by Millicom
- Expected closing date
- January 29, 2026
- Target closing date under auction rules
Historical Context
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Completion of Telefónica Ecuador acquisition expanding South American footprint.
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Scheduling and details for upcoming Q3 2025 results and investor video conference.
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Completion of Telefónica Uruguay acquisition, adding a new South American market.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Millicom (Tigo) announces successful bid for EPM’s Stake in UNE
Luxembourg, January 27,2026 — Millicom International Cellular S.A. ("Millicom") today announced that it has been awarded
Millicom’s bid was COP 418,741 per share, representing a total consideration of approximately COP 2.1 trillion, (approximately USD 571 million). This acquisition consolidates Millicom’s ownership in UNE to nearly
The transaction is expected to close on January 29, 2026, in accordance with the established auction rules. Upon closing, the simplified ownership structure will allow Millicom to further streamline its operations in Colombia and accelerate its strategic integration plans.
For further information, please contact:
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Luca Pfeifer, VP for Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
FAQ
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