0
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Colombian watchdog approves Avantel restructuring plan

Published 28 Sep 2020 13:59 CET | Colombia
Colombia's companies regulator 'Supersociedades' has approved a plan proposed by operator Avantel to proceed with a 10-year plan ...

Colombian operators blocking interconnection deals - Partners CEO

Published 26 Aug 2020 13:59 CET | Colombia
Partners, a vehicle for the Novator fund that recently acquired mobile operator Avantel, has been unable to reach interconnection ...

WOM-owner Novator acquires Colombia's Avantel

Published 08 Jul 2020 11:35 CET | Colombia
UK-based investment fund Novator, owner of Chilean operator WOM, has announced the acquisition of a controlling stake in ...

Novator mulling acquisition of Telefonica Colombia or Avantel - report

Published 27 Jan 2020 14:37 CET | Colombia
UK-based investment fund Novator, owner of Chilean operator WOM, is interested in acquiring the Colombian subsidiary of Spain's ...

Four operators to bid for Colombian 4G spectrum, including WOM

Published 04 Dec 2019 14:24 CET | Colombia
A total of four companies will finally bid for multi-band spectrum in Colombia's imminent tender, including the owner of Chilean ...

Telefonica to bid for Colombia 4G spectrum

Published 02 Dec 2019 12:01 CET | Colombia
Movistar Colombia (Telefonica) has confirmed that it will be taking part in the relaunched auction for LTE spectrum in the ...

Colombia suspends 4G spectrum tender due to low interest

Published 12 Nov 2019 12:00 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) has announced that it's suspending the auction for LTE ...

Colombian operators call on CRC to declare Claro dominant player

Published 09 Jul 2019 14:14 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) and Communications Regulatory Commission (CRC) could be ...

Colombian MVNE Suma Movil inks deals to launch 4 new operators

Published 05 Sep 2018 11:53 CET | Colombia
Colombian mobile virtual network enabler (MVNE) Suma Movil has signed 4 agreements with mobile virtual network operators (MVNOs) ...

Tigo, Movistar top Colombia 4G speed and coverage ranking

Published 06 Jul 2018 10:02 CET | Colombia
Tigo (Millicom) and Movistar (Telefonica) topped Colombia's 4G speed and coverage ranking in the latest mobile network report ...

Flash Mobile MVNO to launch on TigoUne network in Colombia

Published 02 Jul 2018 15:03 CET | Colombia
TigoUne (Millicom) will be hosting a new MVNO called Flash Mobile on its network starting this month, reports La Republica, ...





Calendar   /   Industry Events

11 May Small Cells World Summit
13 May BT FY results
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Alibaba Group Q1
13 May Poly fiscal Q4
13 May DZS investors day
14 May Japan Display FY results
14 May Telesat Q1
14 May Digi Communications Q1 2021
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May TIM Q1 2021
19 May Cisco fiscal Q3
19 May Qualcomm 5G Summit
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items