EPM Plans Sale of Tigo Colombia Stake
Deal News | Jul 10, 2025 | Finance Community ES 2 - Corporate M&A
GBS Finance has played a pivotal role as a financial advisor to Empresas Públicas de Medellín (EPM) in assessing its stake valuation in UNE EPM Telecomunicaciones, known commercially as Tigo Colombia. The creation of a fairness opinion by GBS Finance has set the groundwork for EPM’s decision to sell its shares in the telecoms company. Notably, this transaction marks a strategic milestone for both EPM and Colombia's telecommunications sector. Subject to the approval of the Medellín City Council and prevailing market conditions, the stake sale could fetch approximately 2.1 trillion Colombian pesos. The successful execution of the project underscores the collaboration between GBS Finance teams in Madrid and Bogotá, led by Ana Lacasa, alongside key figures Viviana Vega, Claudia Londoño, and a diligent team of analysts.
Sectors
- Telecommunications
- Corporate Finance Advisory
Geography
- Colombia – The transaction involves UNE EPM Telecomunicaciones, which operates in Colombia.
- Spain – GBS Finance's head office is located in Madrid, Spain, emphasizing the cross-border nature of the collaboration.
Industry
- Telecommunications – The article revolves around a transaction involving Tigo Colombia, a significant player in the telecommunications sector.
- Corporate Finance Advisory – GBS Finance's involvement as a financial advisor situates the article within the corporate finance advisory industry.
Financials
- 2.1 trillion Colombian pesos – The estimated value of EPM’s stake in Tigo Colombia subject to the sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Empresas Públicas de Medellín (EPM) | Selling Company | Company | EPM is the Colombian utility company looking to sell its stake in UNE EPM Telecomunicaciones, also known as Tigo Colombia. |
| UNE EPM Telecomunicaciones (Tigo Colombia) | Target Company | Company | Known commercially as Tigo Colombia, the telecommunications company in which EPM holds a stake. |
| GBS Finance | Financial Advisor | Company | A financial services firm providing advisory services to EPM for the stake valuation and divestment process. |
| Ana Lacasa | Advisor | Person | Partner at GBS Finance leading the project. |
| Viviana Vega | Advisor | Person | Director at GBS Colombia involved in the project. |
| Claudia Londoño | Advisor | Person | Vice President at GBS Madrid involved in the project. |
| Juliana Caicedo | Analyst | Person | Analyst at GBS Finance involved in the project. |
| Ana Fernández | Analyst | Person | Analyst at GBS Finance involved in the project. |
| Erwin Grautoff | Analyst | Person | Analyst at GBS Finance involved in the project. |