Chilean Telco Grabs Telsur Majority Stake

Chilean Telco Grabs Telsur Majority Stake

Chile

Chilean telecom company Grupo GTD says it has agreed to buy a 74.4% stake in local telephone company Telsur for $113.8m, or CLP341.4 per share, from conglomerate Quinenco, also based in Chile. The buyer estimates that Telsur’s 2009 Ebitda will total

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