Ashmore to Exit Colombian Telecom Service Provider Lazus
February 26, 2014
Andean PE investor Ashmore Management Company has agreed to sell Lazus to Columbus International, a diversified telecommunications provider in the Caribbean, Central American and Andean regions. A privately held telecom infrastructure provider, Lazus operates principally in 10 cities across Colombia, and also owns and operates telecom systems in Panama City and San Jose, Costa Rica. Ashmore purchased Lazus, which was formerly named Promitel Colombia, in January 2013.