Colombia Telecomunicaciones S.A. ESP (BVC:COLTEL) signed an agreement to acquire The Internet Business of DIRECTV Colombia, Ltda. on May 25, 2021. As per terms of transaction, include both the network and its spectrum. The business acquired is based in Colombia. In addition, the agreement determines that customers will not experience changes in the services contracted with DIRECTV and/or its rates, as well as in the billing processes or customer service channels. Transaction is subject to approval of competition authorities, the Colombian regulatory authorities and the transfer of network infrastructure and radio frequency concessions. Transaction is expected to be completed in the second half of 2021. As reported on July 22, 2021, the transaction is expected to close in early August 2021. Darío Laguado Giraldo of Brigard Urrutia acted as a legal advisor to Colombia Telecomunicaciones. Andrés Ordoñez Rizo of Garrigues acted as a legal advisor to DIRECTV Colombia. Colombia Telecomunicaciones S.A. ESP (BVC:COLTEL) acquired The Internet Business of DIRECTV Colombia, Ltda. on August 2, 2021. Colombia Telecomunicaciones S.A. ESP (BVC:COLTEL) completed the acquisition of The Internet Business of DIRECTV Colombia, Ltda. on August 2, 2021.