The government announced a rescue plan

The National Government, through the Ministry of Information and Communications Technologies (ICT), announced a rescue plan for the Tigo-Une company.

The head of the portfolio, Mauricio Lizcano, reported that the Government has given until October 9 for the company to obtain capitalization or dissolve. If a decision is not made before the deadline, Tigo-Une will enter a business reorganization process, led by the Superintendency of Companies.

(Tigo’s situation puts the stability of the sector at risk).

“The will of the Government is that the operation of Tigo will continue,” said the minister, after leaving the meeting, where the various strategies to save the company, maintain the stability of the market, the service provided by 12.5 million users in the country and nearly 15,000 jobs.

(EPM permanent assembly will evaluate the sale of Tigo-Une).

Lizcano assured that “whatever the decision is made, what we are looking for is that in any case the service will not stop providing, and that we will continue the connection plan in the country at all times.”

Once the company obtains capitalization, an investment of 150 million dollars will be made (75 million in Une and the remaining 75 million in Millicom).

(‘AI will create opportunities for countries’: Google).

If the company dissolves, Millicom will put all the resources and Empresas Públicas de Medellín (EPM) will be left with a small percentage of ownership of the company, which must be approved by the Council of Medellín.