Colombian telecoms operator UNE EPM operates in several segments including fixed telephony, pay TV and fixed broadband in Colombia. The company also offers mobile telephony services in association with mobile operator Tigo. The telco has an incumbent position in the Medellin area and is in the process of consolidating its operations in other large cities across the country. UNE EPM is based in Medellin, Colombia. In october 2013, multinational telco Millicom and Colombian state-run multi-utility EPM have signed a final agreement to combine their respective businesses in Colombia. In July, the two companies concluded negotiations on the structure of the merged company, which values Millicom's Tigo Colombia at US$1.3bn and EPM's UNE at around US$2.1bn. EPM will hold the majority stake in the firm, with 50% plus one share, while Millicom will hold the remainder. The transaction is expected to be completed by the end of 1H14. The integrated company is expected to offer a comprehensive range of bundled digital services including mobile and fixed telephone and broadband services, and pay TV.
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