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Colombia raises $1.5 billion for spectrum

Thursday, January 2, 2020

In an auction that raised $1.5 billion, Colombia allocated mobile spectrum to operators América Movil (Claro) and Millicom (Tigo) as well as to British private equity investors Novator Partners.

Telefónica’s Movistar was not awarded spectrum, as Telefónica seeks to distance itself from Latin America, Finance Colombia reports.