Business Companies

Millicom-Tigo Buyout of Movistar Expected by April

Medellin Herald February 6, 2026

Spain-based Millicom announced that today (February 6) it will complete purchase of 67.5% of the shares held by Spain-based Telefónica in local telecom competitor Movistar (Colombia Telecomunicaciones) — with the remaining shares held Colombia’s national goverment likely to be acquired by

Medellin + Antioquia news Tourism

Medellín’s Comuna 13 Neighborhood: Global Tourist Destination Despite Violent Past

Medellin Herald February 5, 2026

In 2002 – 24 years ago – Medellín’s San Javier (Comuna 13) neighborhood was a center of extorsion, kidnapping, murders and narco turf wars run by pseudo-communist gangsters including FARC, ELN and the “People’s Armed Commandos,” as well as pseudo-right-wing paramilitaries. Caught in the middle of this nightmare were tens of thousands of Colombia’s poorest […]

Business Colombian economy

Millicom Wins 100% of EPM’s Stake in Tigo-UNE

Medellin Herald January 28, 2026

Medellin-based public utilities and telecom giant EPM announced January 27 that it has finally sold its entire 50% stake in the Tigo-UNE telecom-internet joint venture with Spain-based Millicom. The deal follows on the heels of Tigo’s earlier agreement to merge operations with telecom rival Movistar to create an internet-cable TV-cell-phone giant that now can compete […]

Business Companies

Tigo-UNE 3Q 2025 Profits Soar 164% Year-on-Year, Win Merger OK With Movistar

Medellin Herald November 19, 2025

Medellin-based telecom/internet/cable-TV provider Tigo-UNE – half-owner of the Colombian subsidiary of Spain-based multinational telecom network provider Millicom – on November 19 posted a 164% hike in third quarter (3Q) 2025 net income, hitting COP$38 billion (US$10.2 million), up from COP$14.7 billion (US$3.9 million) in 3Q 2024. Revenues also rose 7.7% year-on-year, to

Business Companies

Grupo IMSA Post 3Q 2025 Net Profit, Reversing Net Loss in 3Q 2024

Medellin Herald November 17, 2025

Medellin-based diversified manufacturer-marketer Grupo IMSA on November 13 posted a third quarter (3Q) 2025 net profit of COP$60.8 million (US$162,000) — a reversal from a 3Q 2024 net loss of COP$6.5 billion (US$1.7 million). Despite the profit gains, 3Q 2025 revenues from investment yields, rents and services actually fell by nearly half, to COP$2.4 billion […]

Business Companies

Grupo Argos 3Q 2025 Net Income Soars 239% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based Grupo Argos – parent company of cement/concrete producer Cementos Argos, electric power producer Celsia and highways/airports concessionaire Odinsa – announced November 14 a 239% year-on-year hike in third quarter (3Q) 2025 consolidated net income, hitting COP$1.67 trillion (US$444 million), boosted by sales of a former U.S. subsidiary and income from other

Business Companies

Isagen 3Q 2025 Net Income Dips 29% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based renewable electric power producer Isagen announced November 13 that its third quarter (3Q) 2025 net income dipped 29% year-on-year, to COP$204 billion (US$54 million), versus COP$288 billion (US$76 million) in 3Q 2024. Revenues also dipped 18% year-on-year, to COP$1.29 trillion (US$343 million), versus COP$1.57 trillion (US$418 million) in 23Q 2024. Earnings

Business Companies

Excala/Compañía de Empaques 3Q 2025 Profits Jump 78% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based specialty fibers and packaging manufacturer Grupo Excala/Compañía de Empaques on November 13 posted a 78% year-over-year hike in third quarter (3Q) 2025 net income, hitting COP$7.8 billion (US$2 million), up from COP$4.3 billion (US$1.14 million) in 3Q 2024. The profit rise came mainly as a result of a reduction in cost penalties that last […]

Business Companies

Fabricato Posts 3Q 2025 Net Profit, Reversing 3Q 2024 Net Loss

Medellin Herald November 17, 2025

Medellin-based textiles/clothing manufacturer Fabricato on November 13 posted a COP$12 billion (US$3.2 million) net profit for third quarter (3Q) 2025 — a big improvement over the COP$33 billion (US$8.8 million) net loss in 3Q 2024. “Consolidated accumulated revenues from ordinary activities as of September 2025 were COP$207 billion [US$55 million], a 4% increase

Business Companies

Sura 3Q 2025 Net Profit Soars 132% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based insurance and financial services giant Grupo Sura announced November 13 that third quarter (3Q) 2025 proforma net income jumped 132% year-on-year, to COP$1.23 trillion (US$327 million), versus COP$534 billion (US$142 million) in 3Q 2024. Those profits were boosted by Sura’s partial holdings in Grupo Argos and Cibest (Bancolombia). Even excluding those