Entel Watches GTD Buy Flounder

Entel Watches GTD Buy Flounder

Chile M&A

Chile’s Entel attempts to create the country’s second largest telecom operator fell through this week after GTD Grupo Teleductos, through its parent, rejected its advances. GTD simply said that its controlling shareholder, Inmobiliaria e Inversiones El Coigue, had decided not to proceed with Entel’s acquisition offer. For its part, Entel attributes the failure of the deal to “the unilateral retraction of Juan Manuel Casanueva Prendez, representative and head of GTD.” Company officials at Entel a

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