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Wireless

Colombia's Avantel to restructure debt to avoid bankruptcy

Tuesday 17 December 2019 | 14:47 CET | News
Colombian Avantel has been forced to restructure its debts to avoid imminent bankruptcy, reports local daily El Tiempo. The company has overdue liabilities amounting to COP 238.7 million, equivalent to 20 percent of its overall liabilities of COP 1.17 trillion, mainly arising from wholesale roaming costs payable to Tigo-Une (Millicom), Claro (America Movil) and Movistar (Telefonica) and dating back to November 2018.

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Categories: Mobile & Wireless
Companies: America Movil / Claro / Millicom / Movistar / Telefonica / Tigo
Countries: Colombia
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