Bogota Rejects ETB Sale

Bogota Rejects ETB Sale

Colombia M&A

Bogota’s city council unanimously has rejected a plan to sell off its 88% stake in telecom utility Empresa de Telecomunicaciones de Bogota (ETB). The council members say other financing options can be explored before a sale of the company is required, and that the public should have an opportunity to comment on the process prior to the decision. ETB has been heard talking about a strategic partnership with foreign and domestic parties, including Brazil’s Oi and fellow Colombian municip

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