The remainder of the six years of privatization and denationalization of Colombia Telecommunications, has been a negative factor for Colombia and its citizens. The new foreign operator, Telefonica Internacional, failed to comply with its contractual obligations, its management and service are terrible, its financial results are negative and fur - thermore it has been saved by the Law on Capitalization, a government initiative, approved by the president of the Republic, thereby converting the Nation of Colombia into the custodian of oligopolistic transnational interests. Its nationalization will allow it to recover and to protect public patrimony, place it at the service of economic develop- ment, social progress and the well being of Colombians. The research undertaken has integrated historical and logic methodology, making use of primary sources such as interviews, laws, decrees, reports, opinions and judgments as well as secondary sources such as theses, assays and articles in addition to documentary analyses.