TIGO · Millicom International Cellular S.A.

Millicom's acquisition of the remaining 32.5% stake in Coltel from the Colombian government entity La Nación represents the final step in fully consolidating control of this key asset, building on the earlier successful tender offer for Telefónica’s controlling interest in February 2026. This transaction creates a large-scale operator in Colombia's telecommunications sector, where competition from global digital platforms, satellite providers, and others demands greater scale and efficiency. Full integration unlocks enhanced investment capacity to accelerate 5G rollout nationwide, combine technical capabilities for better service quality, and align with government digital inclusion goals. CEO Marcelo Benitez highlighted the strategic importance, noting it strengthens competitiveness in a rapidly evolving industry and contributes to Colombia’s digital and economic development. For investors, this milestone bolsters Millicom's position in a core Latin American market, positioning TIGO for sustainable growth through improved infrastructure and customer experience.