Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel  This milestone enhances scale and investment capacity to strengthen network capabilities and

TIGO

Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel

Millicom strengthens Colombia position with Coltel acquisition

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  <section data-block="information">
    <h3>Information</h3>
    <p>Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel  This milestone enhances scale and investment capacity to strengthen network capabilities and</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Millicom&#039;s acquisition of a 32.5% stake in Coltel enhances its operational scale and investment capacity for 5G development in Colombia. This strategic consolidation positions Millicom to improve service quality and contribute to nationwide digital transformation, likely increasing its competitive advantage in the region.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Millicom acquires remaining 32.5% stake in Coltel.</li><li>Acquisition enhances scale and investment for 5G deployment.</li><li>Millicom aims to improve service quality in Colombia.</li><li>Integration supports digital transformation efforts nationwide.</li><li>CEO emphasizes commitment to Colombia&#039;s telecom market.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Telefónica (TEF)</strong>: Previously held controlling stake in Coltel, affecting competitive landscape.</li><li><strong>La Nación</strong>: Former stakeholder; deal completion reveals shifts in ownership dynamics.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it marks a significant strategic move for Millicom in the Colombian telecom landscape, which will greatly influence its operational capacity and market positioning.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Enhanced capacity could lead to accelerated 5G deployment in Colombia, driving revenue growth.</li><li>Improved service quality may attract more subscribers, positively impacting ARPU.</li><li>Strategic consolidation may attract additional investors looking for digital growth exposure.</li><li>Potential government partnerships could lead to new contracts and service expansions.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Millicom acquired 32.5% equity in Coltel on April 27, 2026.</li><li>This marks Millicom’s third major acquisition step, including Telefónica’s stake in 2026.</li><li>Millicom services approximately 52 million customers in Latin America.</li><li>The company employs around 15,000 people across its operations.</li><li>Millicom reported a fiber-cable footprint covering over 14 million homes.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in TIGO as strategic consolidation enhances competitive position, targeting long-term growth.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="center"><b>Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel</b></p>  <p align="center"><i>This milestone enhances scale and investment capacity to strengthen network capabilities and support future growth in Colombia.</i></p>  <p align="justify"><b>Luxembourg, April 27, 2026 – </b>Millicom International Cellular S.A. (&#34;Millicom&#34;) today announced it has acquired the remaining 32.5% equity stake in Colombia Telecomunicaciones S.A. E.S.P. (&#34;Coltel&#34;) formerly held by La Nación. This milestone follows the successful conclusion of the tender offer for Telefónica's controlling stake in February 2026 and marks the final step in Millicom's strategic consolidation of the entity. </p>  <p align="justify">The acquisition represents a decisive moment for the Colombian telecommunications sector. By integrating Coltel fully into its operations, Millicom is creating a large-scale, financially viable operator with the enhanced investment capacity required to accelerate the country's digital transformation. </p>  <p align="justify">The consolidation delivers the scale needed to accelerate nationwide 5G deployment, enhance service quality through combined technical capabilities, and support government efforts to expand digital inclusion—ultimately providing faster, more reliable connectivity and a more seamless digital experience for millions of Colombians.</p>  <p align="justify">The transaction takes place in an evolving competitive landscape, where traditional operators compete with global digital platforms, satellite providers, and other connectivity players. Scale, investment capacity, and operational efficiency are key to remaining competitive.</p>  <p align="justify">&#34;<i>This final step in the acquisition of Coltel reflects our long-term commitment and conviction in Colombia as a core market,&#34; </i>said Marcelo Benitez, CEO of Millicom<i>. &#34;By unifying these operations, we are strengthening our ability to compete in a rapidly evolving industry, accelerate next-generation infrastructure, and contribute to Colombia's long-term digital and economic development.</i>&#34;</p>  <p align="center">-END-</p>  <p align="justify"><b>For further information, please contact </b></p> <table style="border-collapse: collapse; border-collapse:collapse ;"><tr><td style="width:316.2px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><b>Press: </b><b><br></br></b>Sofía Corral, Director Corporate Communications<br></br>press@millicom.com</td><td style="width:316.2px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; "><b>Investors: </b><br></br>Luca Pfeifer, VP for Investor Relations<br></br>investors@millicom.com </td></tr></table> <p align="justify"><b>About Millicom</b></p>  <p align="justify">Millicom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TIGO">TIGO</a>) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO&#xAE; and Tigo Business&#xAE; 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 December 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people and provided mobile and fiber-cable services through its digital highways to approximately 52 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.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE3ODI4OSM0MDIzODE5MzkjMjAwMTYxNQ=="></img> <br></br><img alt="" src="https://ml-eu.globenewswire.com/media/MTM3MDc1ZDEtNDgwMS00YzA0LWE3NzYtMTg4MWY1OTA5ODFiLTEwMTMxODgtMjAyNi0wNC0yNy1lbg==/tiny/Millicom-International-Cellula.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/86078f80-5257-4e97-8fb2-db64a351c9ca"><img src="https://ml-eu.globenewswire.com/media/86078f80-5257-4e97-8fb2-db64a351c9ca/small/logo-millicom-blanco-sin-fondo-png.png" border="0" width="150" height="58" alt="Primary Logo"></img></a></p>

Millicom's acquisition of a 32.5% stake in Coltel enhances its operational scale and investment capacity for 5G development in Colombia. This strategic consolidation positions Millicom to improve service quality and contribute to nationwide digital transformation, likely increasing its competitive advantage in the region.

Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel

AI Summary

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Market-Moving

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Companies Mentioned

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