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

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

Business Companies

Conconcreto 3Q 2025 Net Income Falls 73% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based construction giant Conconcreto on November 12 posted a COP$1.17 billion (US$311,000) net profit for third quarter (3Q) 2025 — a 73% drop year-on-year from the COP$4.34 billion (US$1.15 million) net profit in 3Q 2024. Revenues also declined 98% year-on-year, to COP$128 billion (US$34 million) for 3Q 2025 versus COP$251 billion (US$66.8 million) in 3Q