Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)
13 10월 2023 - 7:01AM
Millicom (Tigo) and EPM agree to jointly capitalize UNE
EPM Telecomunicaciones S.A. (Tigo-UNE)
Luxembourg, October 13, 2023 –
Millicom announced today an agreement between Millicom and Empresas
Públicas de Medellin (“EPM”) to jointly capitalize UNE EPM
Telecomunicaciones S.A. (Tigo-UNE).
Each partner will contribute 300 billion
Colombian pesos (approximately 71 million U.S. dollars) for a total
capital contribution of approximately 142 million U.S. dollars to
Tigo-UNE. The funds will strengthen the company’s financial profile
and support the continued development of Tigo-UNE's business
strategy.
With this agreement, both partners retain their
current shareholding in Tigo-UNE. Furthermore, they have agreed to
amend the 2013 shareholders' agreement as follows:
- The addition of a Put Option that, if exercised, would allow
EPM to sell to Millicom their entire 50% stake in UNE for 300
billion Colombia pesos, plus 10%.
- The extension of the existing drag-along clause until 31
December 2026. Millicom retains its existing right to be offered
EPM’s stake, in accordance with Colombian law, as well as its right
to participate as a bidder in any sale process by EPM, pursuant to
EPM’s exercise of the drag-along clause.
Millicom thanks the Colombian authorities for
their support to both parties during the negotiation of this
agreement. Tigo-UNE is a significant player in the Colombian
national telecommunications market, and this agreement reflects our
continued commitment to the country and its ongoing digital
development.
-END-
For further information, please
contact:
Press: |
Investors: |
Sofía Corral, Director Corporate |
Michel Morin, VP Investor Relations |
Communications |
investors@millicom.com |
press@millicom.com |
|
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm:
TIGO_SDB) is a leading provider of fixed and mobile
telecommunications services in Latin America. Through our TIGO® and
Tigo Business® brands, we provide a wide range of digital services
and products, including TIGO Money for mobile financial services,
TIGO Sports for local entertainment, TIGO ONEtv for pay TV,
high-speed data, voice, and business-to-business solutions such as
cloud and security. As of June 30, 2023, Millicom, including its
Honduras Joint Venture, employed approximately 19,300 people and
provided mobile and fiber-cable services through its digital
highways to more than 45 million customers, with a fiber- cable
footprint over 13 million homes passed. Founded in 1990, Millicom
International Cellular S.A. is headquartered in Luxembourg.
Regulatory Statement
This information was prior to this release
inside information and is information that Millicom is obliged to
make public pursuant to the EU Market Abuse Regulation. This
information was submitted for publication, through the agency of
the contact person set out above, at 00:01 CET on October 13,
2023.
- Milllicom and EPM agree to capitalize UNE EPM
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