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Latham & Watkins and Milbank advised the sale of Telefonica’s Colombia business to Millicom. Here Telefonica Colombia’s headquarters in Bogota. (Photo: EEIM)
Tony Del Pino, Latham & Watkins; Francisco Nuñez, Milbank and Camilo Gantiva Hidalgo, Holland & Knight. (Latinvex collage)
Wednesday, March 19, 2025

Colombia: Latham & Watkins, Milbank Advise Telefonica Sale

Holland & Knight, Milbank, Simpson Thacher advise LatAm offers, finance.

BY LATINVEX STAFF

Latham & Watkins and Milbank advised the $400 million sale of Spanish telco Telefonica’s Colombia business to Luxembourg-based, Latin America-focused Millicom; Holland & Knight has advised on the preparation for two offers in Colombia by energy company Grupo Energía Bogotá and financing company RCI Colombia totalling $825 million and Costa Rica-based CrediQ, a leading auto finance company in Central America, on a $200 million credit facility; Simpson Thacher advised the $100 million offer from Brazilian ethanol producer FS Group and Milbank advised on the $1.75 billion offers from Brazilian energy company Raízen.

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Keywords: Brazil, Colombia, Holland & Knight, Latham & Watkins, Milbank, Simpson Thacher

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