Telefónica
The International Centre for Settlement of Investment Disputes (Ciadi) has ordered Colombia to pay Telefónica over 500 million euros immediately for a dispute over mobile networks dating back to 1994. The ruling confirms a 2024 award and lifts the suspension after the government failed to provide a bank guarantee. The payment covers principal, interest and legal costs.
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Telefónica has presented unions with its initial proposal for a new ERE affecting 6,088 employees, with 82.7% of layoffs as pre-retirements from age 55. The offer mirrors 2024 adjustment conditions but removes the voluntariness premium and reserves the right to forced dismissals. Unions have deemed it insufficient and demand full universality and voluntariness.