Movistar Empresas Colombia, also known as Colombia Telecomunicaciones SA. or COLTEL, is a privately owned telecommunications company founded in 2011 and headquartered in Colombia. A subsidiary of Telefónica, it employs over 5,000 people and generated over $1 billion in revenue in 2023. The company provides mobile, fixed-line, broadband internet, and pay television services to Colombian customers under the Movistar brand.
Movistar Colombia reported 25.2 million total customers at the end of June, with mobile customers reaching 21.7 million (a 4.31 percent increase over the first half of the year) and fixed customers reaching 3.5 million. The company attributed this growth, in part, to network integration following its acquisition by the same parent company as Tigo Millicom in March, resulting in a net profit. However, the Superintendency of Industry and Commerce (SIC) fined Movistar Colombia COP 3 billion (approximately USD 750,000) for violating mobile number portability procedures, citing evidence of hindering user transitions to other providers through a "loyalty bonus" program. Separately, Movistar Colombia partnered with SunColombia to install 2200 solar panels on 17 company-managed roofs, aiming to reduce CO₂ emissions by 300 tons annually. This initiative is part of a larger, five-year-old energy transition project, and the company announced the installation of solar panels on 17 new technical facilities, generating approximately 1.6 GHz of clean energy yearly.
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Movistar Empresas Colombia offers 6 products in the media and telecoms services industry. Movistar Empresas Colombia's product portfolio comprises of media and TV services and telecoms services.
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Movistar Empresas Colombia's revenues were over $1B in 2023. Caretta Research has split Movistar Empresas Colombia's revenue into 6 different product categories, the largest of which is mobile services. For full access to Movistar Empresas Colombia's revenue breakdown subscribe to Caretta Portal.
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