WOM Colombia Bankruptcy Highlights Competitive Pressures In The Mobile Market
Telecommunications / Colombia / Wed 24 Apr, 2024
Latest Development: WOM Colombia has filed for bankruptcy just a week after its Chile-based operation did the same. Reports indicate that the Colombian branch requires an infusion of USD 10.3mn to rescue the unit. The aim is to bolster financial stability, maintain service continuity, and meet payment obligations to the government and suppliers.