Claro Colombia has come out in favour of the anticipated merger between rivals Telefónica Colombia and Tigo, a move that could potentially reshape the landscape of Colombia’s telecommunications market. The deal, if approved, promises to provide Telefónica with an exit strategy from a highly competitive market while enabling it to further streamline its operations across Hispanic America.
The merger, announced in late July 2024, involves Tigo acquiring Telefónica’s 67.5% stake in Telefónica Colombia, with a separate initiative to purchase the remaining 32.5% from the Colombian government. This strategic move builds on their existing 50:50 network-sharing joint venture, initiated in June 2023, aimed at optimising spectrum use and reducing operational costs.
