UNE-EPM (Tigo) Posts 1Q 2025 Big Profit Gain Year-on-Year
Medellin-based telecom-internet-cable TV giant UNE-EPM (Tigo) – the Colombian subsidiary of Luxembourg-based telecom multinational Millicom – on May 19 posted a first quarter (1Q) 2025 net profit of COP$189 billion (US$45 million), a big improvement over the COP$95 billion (US$22.7 million) net loss in 1Q 2024.
Revenues were up slightly year-on-year, at COP$1.368 trillion (US$328 million) in 1Q 2025, versus COP$1.34 trillion (US$321 million) in 1Q 2024.
The year-on-year revenue boost came “primarily from the B2B corporate segment and the mobile [cell phone] postpaid business,” according to UNE-EPM.
On the other hand, UNE-EPM saw a “reduction in the home business unit (television, internet, and land-line telephone services), primarily due to the slowdown in the market and the industry in general, which has been impacted by macroeconomic variables such as inflation, exchange rates, and market competition with lower offers and rates,” according to the company.
“Furthermore, the company has continued to reduce its operating costs and expenses, generating a positive EBITDA (earning before interest, taxes, depreciation, and amortization) result, compared to 1Q 2024,” UNE-EPM added.
For the remainder of 2025, UNE-EPM aims to “maintain control of commercial costs and expenses, and continuously review rates with suppliers and third parties to increase cash flow efficiencies and profitability,” as well as “limit investment budgets and focus them solely on the growth, expansion, and/or maintenance of the mobile and fixed-line network throughout the country to maintain its customer base,” the company explained.
