Ashmore Colombia Exits Fiber Optic Network Cable Provider Lazus (Latin America)

Source: Ashmore Group

A fund managed by Ashmore Colombia, a subsidiary of emerging market-focused investment manager Ashmore Group, has agreed to the sale of a 100 percent equity stake in Colombia-based telecommunications infrastructure company Lazus, formerly known as Promitel Colombia, to diversified telecommunications company Columbus International. Funds advised by Ashmore purchased Lazus from Promigas in January 2013. Financial details of the transaction were not disclosed.