Colombia To Choose Telecom Partner By Auction

Following the announcement that Colombia Telecom will not be signing a memorandum of understanding with telecoms giant Telmex of Mexico, the government has said it will continue to look for a strategic partner for the company via a bidding process. Although Telmex has reportedly made the best offer to date for the company, Colombia is keen to open up the field of contenders. An independent valuation of the company is due following recommendations by the country’s Comptroller General.