Telmex, EPM Potential Bidders for ETB

Telmex, EPM Potential Bidders for ETB


Telmex, Telefonica and EPM, majority owned by Empresas Publicas de Medellin, are possible bidders for Bogota-based telecom company ETB, say two Colombian analysts from different firms who ask not to be identified. ETB, which in late October hired Santander Investments to explore strategic alternatives, is more likely to sell a stake rather than the company as a whole, believes one analyst. By acquiring ETB, says the other analyst, the three potential bidders would greatly expand their penetratio

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