Millicom (NASDAQ: TIGO) wins COP 2.1T UNE Colombia auction
Rhea-AI Filing Summary
International Cellular S.A. (Millicom) is expanding its control of its Colombian operations through a major share purchase. The company won a public auction conducted by Empresas Públicas de Medellín for 100% of its remaining shares in UNE Telecommunicaciones S.A. (also known as Tigo Colombia).
Millicom bid COP 418,741 per share, for a total consideration of about COP 2.1 trillion (approximately USD 571 million). After closing, which is expected on January 29, 2026 under the auction rules, Millicom’s ownership in UNE will rise to nearly 100%, with a simplified structure intended to support streamlined operations and strategic integration in Colombia.
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Insights
Millicom is consolidating almost full ownership of its Colombian unit through a COP 2.1 trillion auction win.
Millicom has been awarded 100% of Empresas Públicas de Medellín’s remaining shares in UNE Telecommunicaciones S.A., known as Tigo Colombia. The winning bid was COP 418,741 per share, totaling about COP 2.1 trillion (approximately USD 571 million) under a Colombian Law 226 divestment process.
Once the transaction closes, expected on January 29, 2026, Millicom's ownership in UNE will increase to nearly 100%. The company states that this simplified ownership structure will allow it to further streamline operations in Colombia and advance strategic integration plans, concentrating control of mobile and fixed services under one corporate umbrella.
The impact will depend on how effectively Millicom executes these integration plans in Colombia. Future disclosures in company filings may provide more detail on post-closing operational changes and any financial outcomes from the consolidated structure.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2026.
Commission File Number: 001-38763
MILLICOM INTERNATIONAL CELLULAR S.A.
(Exact Name of Registrant as Specified in Its Charter)
8400 NW 36th Street, Suite 530
Doral, FL 33166
United States
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
MILLICOM INTERNATIONAL CELLULAR S.A.
INDEX TO FURNISHED MATERIAL
Item
______
| 1. | Press release dated January 27, 2026. |
PRESS RELEASE
| |
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 100% of EPM’s remaining shares in UNE EPM Telecommunicaciones S.A. (“UNE” or “Tigo Colombia”), following a winning bid in the public auction conducted by Empresas Públicas de Medellín E.S.P. ("EPM").
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 100%, following the successful completion of the public divestment process managed by EPM in accordance with Colombian Law 226.
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
|
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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MILLICOM INTERNATIONAL CELLULAR S.A. (Registrant) | ||||
| By: | /s/ Salvador Escalón | |||
| Name: | Salvador Escalón | |||
| Title: | Executive Vice President, Chief Legal and Compliance Officer | |||
Date: January 30, 2026