 Caracol would be legally founded in 1949.Coltejer, a textile company which had invested in La Voz de Antioquia and Emisoras Nuevo Mundo, would own some shares until 1959.In the 1950s, the network expanded when Emisoras Fuentes (Cartagena de Indias), Emisoras Unidas (Barranquilla) and RCO Radiodifusora de Occidente (Cali) became affiliates.