On May 30, UNE EPM Telecomunicaciones SA, which is known on the market as Tigo-UNE, will hold an extraordinary meeting of shareholders, which is at 8:00 am and in which to “determine the financial position of the company and project activities”. execute”.
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The company reported losses of 473,813 million pesos in the first two months during 2022; for which reason the Assembly decided to distribute the profits of the current year.
Among the options that will be evaluated at the meeting are the generation of cash, credit and capitalization projects, according to what the Superfinance company has informed.
Faced with this panorama and aware of the call meeting, the mayor of Medellín Daniel Conceptio explained that in the next few days the EPM will resolve the situation for the next Monday’s meeting.
(Tigo reported that there was a cyberattack on circulation networks two years ago).
“We are going to announce as soon as we have all the information about it. We have called the Board of Directors to decide on it next Monday. The information will hardly reach us,” said the president.
In fact, on Friday of last week, the Board of Directors of EPM met for several hours to analyze the state of Uune. That debate is all over the agenda for the day and has prevented the debate on cold energy from taking place that day.
It is important to emphasize that the district of Medellín, through EPM (50 percent) and the Institute of Sport and Recreation (0.0001 percent) have more than half of the shares of UNE EPM Telecomunicaciones. Howevercontrol of the firm falls on the multinational Millicom, which has 49.99 percent of the company.
In 2022, the plan is often the Medellín Council to dispose of the EPM parties in Tigo-UNE, but the proposal was rejected five times by the colleges, raising doubts about the allocation of resources.
The concept showed that the call for the possibility of capitalization to stop is in line with the situation of the telecommunications company, which last year’s debates in the Council were warned.
“The fact that Tigo just announced that he was going to announce the brokers shows that we were right. We said that it was going to happen so that they would ask for more money from us, that they would ask us to dilute it.” They would drag us into losses and that would be it. “to affect the summers of the state,” said the president.