0
Wireless

WOM-owner Novator acquires Colombia's Avantel

Wednesday 8 July 2020 | 11:35 CET | News
UK-based investment fund Novator, owner of Chilean operator WOM, has announced the acquisition of a controlling stake in Colombian mobile operator Avantel for an undisclosed amount, confirming earlier rumours. The deal comes after Avantel was forced to restructure its debts to "guarantee the viability and continuity of operations" in December, mainly due to wholesale roaming costs payable to rivals Tigo-Une (Millicom), Claro (America Movil) and Movistar (Telefonica).

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: Avantel / Novator / WOM
Countries: Colombia
::: add a comment
This article is part of dossier

LTE


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

WOM Colombia connects 525 rural areas in USD 50 mln rollout

Published 11 Jun 2021 12:02 CET | Colombia
Colombia's newest mobile operator WOM announced the connection of a total of 525 localities in rural areas throughout the country ...

Colombia's Avantel handed USD 3 mln fine for illegal spectrum use

Published 07 Jun 2021 11:11 CET | Colombia
Colombia's national spectrum agency (ANE) has fined mobile operator Avantel a total of COP 10.6 billion (just under USD 3 ...

WOM Colombia to complete Avantel merger within 4 months - CEO

Published 25 May 2021 14:52 CET | Colombia
The shareholders of WOM Colombia have agreed to proceed with a merger by absorption of mobile operator Avantel within 3 to 4 ...

Tower One confirms WOM Colombia partnership

Published 10 Mar 2021 10:42 CET | Aland Islands
Canada-based infrastructure specialist Tower One Wireless confirmed that it will be partnering with the new entrant on the ...

Claro Colombia completes WOM interconnection

Published 26 Feb 2021 12:27 CET | Colombia
Claro (America Movil) has finally completed the technical implementation required to give new entrant WOM access to its network, ...

Claro Colombia declared dominant operator in mobile market

Published 01 Feb 2021 11:13 CET | Colombia
Colombia's Communications Regulatory Commission (CRC) has declared Claro (America Movil) to be a dominant player in the local ...

WOM Colombia gets regulator's backing for interconnection deals

Published 31 Dec 2020 10:35 CET | Colombia
The new entrant on the Colombian mobile market Wom has won a ruling from the regulator CRC requiring other operators to provide ...

WOM revenues surge 20% in Q3, hits 6.5 mln clients

Published 23 Nov 2020 14:24 CET | Chile
Chilean mobile operator WOM reported revenues of CLP 157 billion in the third quarter of 2020, up 20 percent year on year, ...

Colombia to install 30 new digital zones in San Andres and Providencia

Published 23 Nov 2020 11:26 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) has announced plans to install 30 new digital zones in ...

Novator launches WOM brand in Colombia

Published 04 Nov 2020 13:48 CET | Colombia
UK-based investment fund Novator, owner of Chilean operator WOM, will be launching the brand in Colombia on 05 November, reports ...

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 ...

Six operators interested in Colombia 5G spectrum tender

Published 07 Sep 2020 13:52 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) announced that a total of six local operators have ...

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 ...

Colombia launches ICT initiative to train 100,000 programmers by 2022

Published 21 Aug 2020 11:31 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) has announced the launch of a major initiative to train ...

Claro Colombia begins 700MHz deployment, tests 5G in Bogota

Published 28 Jul 2020 14:22 CET | Colombia
Claro Colombia (America Movil) has started deploying an LTE network on the 700MHz band and launched its first 5G pilots in the ...

Chile's WOM posts 18% revenue rise in Q1, hits 6.4 mln clients

Published 01 Jun 2020 11:46 CET | Chile
Chilean mobile operator WOM reported revenues up 18 percent year on year to CLP 142 billion in the first quarter of 2020, with ...

Novator aiming to launch Colombia service in first half of 2021

Published 15 May 2020 10:40 CET | Colombia
UK-based investment fund Novator, owner of Chilean operator WOM, is looking to launch a Colombian mobile operator in the first ...

WOM clients up 27% to 6.2 mln in 2019

Published 06 Apr 2020 14:19 CET | Chile
Chilean mobile operator WOM has exceeded the milestone of 6 million subscribers less than 5 years after the brand was launched by ...

Chile's WOM planning to launch fixed line service

Published 12 Feb 2020 12:22 CET | Chile
Chilean mobile operator WOM is planning to launch a fixed line service in the near future and has already begun testing ...

Colombian Attorney General to probe 4G spectrum tender

Published 07 Feb 2020 13:59 CET | Colombia
The Colombian Attorney General's Office has announced the launch of an investigation into the recently-held auction for LTE ...

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 ...

Novator asks to return 2.5GHz licence won in 4G auction

Published 07 Jan 2020 11:23 CET | Colombia
Partners, a vehicle for UK-based investment fund Novator, has written to Colombia's Ministry of Information Technologies and ...

Colombia raises over COP 5 bln in 4G spectrum tender

Published 23 Dec 2019 09:58 CET | Colombia
Colombia's Ministry of Information Technology and Communications (Mintic) announced that a total of three companies shelled out ...

Colombia's Avantel to restructure debt to avoid bankruptcy

Published 17 Dec 2019 14:47 CET | Colombia
Colombian Avantel has been forced to restructure its debts to avoid imminent bankruptcy, reports local daily El Tiempo. The ...





Calendar   /   Industry Events

02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug DZS Q2
02 Aug Harmonic Q2
03 Aug Infinera Q3 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Bharti Airtel fiscal Q1
03 Aug Echostar Q2 2021
03 Aug Akamai Technologies Q2 2021
03 Aug Alibaba Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Bredband2 Q2 2021
03 Aug Sequans Q2 2021
04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Digi International fiscal Q3
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
::: More Calendar Items