TIGO

Colombia approves Tigo-Movistar merger, creating carrier with 48% market share

Colombian regulators approved the merger of telecom operators Tigo and Movistar, creating a combined carrier that will control roughly 48% of the country's mobile market. The deal creates a stronger rival to market leader Claro. Regulators also imposed a four-year freeze on existing customer plans and required wholesale network access for smaller virtual operators.