Market intelligence, trend analysis and forecasts for the Telecoms industry across the regions

Companies / Colombia

Regional Operator EPM Buys Out Remaining Stake In Orbitel

June 2006 | Company News Alert

Colombia's third-ranked fixed-line operator Empresas Publicas de Medellin (EPM) has wholly acquired long distance operator Orbitel, raising its holding from its previous 50% stake. EPM, which acquired the remaining stake from prior owners Grupo Sarmiento and Grupo Valorem at a cost of US$85mn, will enable it to move nearer its goal of providing a comprehensive service portfolio including voice, data and entertainment services both nationally and internationally.

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