October 5, 2025
Home Archive by category Business (Page 10)
Business Colombian economy

Millicom Rejects Atlas Bid, Unveils Movistar Merger Deal, EPM Share Bid

Luxembourg-based multinational telecom-internet-cable-TV giant Millicom announced today (July 31) a deal whereby Millicom and Spain-based Telefonica would merge their Colombia operations and also buy-out EPM´s 49.9% stake in Tigo-UNE. The announcement comes on the heels of Millicom´s rejection of the recent US$4.1 billion buyout offer from telecom competitor Atlas Luxco
Business Companies

Fabricato Falls Into Bankruptcy

Medellin-based textile giant Fabricato S.A. announced July 12 in a filing with Colombia’s Superfinanciera oversight agency that it has formally entered bankruptcy protection. The bankruptcy filing “has as its objective the protection of credit and the recovery and conservation of the company as a unit of economic exploitation and source of employment, through