Millicom Acquires EPM's Stake in UNE for $571 Million
ByAinvest
Tuesday, Jan 27, 2026 4:01 pm ET1min read
TIGO--
Millicom has been awarded 100% of EPM's shares in UNE EPM Telecommunicaciones S.A. through a public auction, with a bid of COP 418,741 per share, totaling approximately COP 2.1 trillion (USD 571 million). This acquisition consolidates Millicom's ownership in UNE to nearly 100% and is expected to close on January 29, 2026. The transaction is expected to streamline operations and accelerate strategic integration plans.
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