Colombia's number-two mobile brand Movistar has just changed hands entirely — swallowed by its former rival Tigo in one of the most consequential shake-ups in the country's telecom market in two decades. The company that built it now owns none of it. Full nameColombia Telecomunicaciones S.A. E.S.P. BIC Ticker / exchangeCOLTEL · Bolsa de Valores de Colombia (BVC) HeadquartersBogotá, Colombia SectorTelecommunications Employees5,511 (2024) Market value (market cap)~COP 7.08 trillion (~USD 2.05 billion) (our calculation: 3.41 billion shares × COP 2,075 (US$0.60)) Yearly sales (revenue)COP 6.68 trillion (USD 1.94 billion) — …
Colombia Telecomunicaciones S.A. E.S.P. BIC (Movistar)
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June 25, 2026
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5 min read
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