Telefonica moves to take 49% of Colombia's ETB

February 11, 2010UncategorizedCaribbean and Latin America, Colombia, ETB, South AmericaLatin Target

Telefonica will offer nearly EUR 700 million for a 49 percent stake in Colombian state-owned operator Empresa de Telecomunicaciones de Bogota (ETB), local newspaper El Economista reports. The Bogota city council currently holds 86.59 percent of ETB, while minority shareholders own the remaining 13.41 percent.

See the Empresa de Telecomunicaciones de Bogota (ETB) record in Latin Target.