ETB Taps Santander on Possible Sale

ETB Taps Santander on Possible Sale


Colombia’s Empresa de Telecomunicaciones has tapped Santander to assist in evaluating strategic and financial alternatives to fund investments and expansions. Mauricio Restrepo, an analyst with Colombian research firm Bolsa y Renta, says a sale of a stake is being evaluated. As of yesterday, ETB’s market capitalization stood at COP1.6bn, Restrepo said, adding that before the global financial crisis the company was valued at COP2.5bn. The firm has a hold rating on the company, and expects its sto

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