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General

Bogota council ditches plans to sell ETB stake

Thursday 21 February 2019 | 14:16 CET | News
Bogota city council has decided to no longer pursue plans to sell its stake in local operator Empresa de Telecomunicaciones de Bogota (ETB), reports NexTV News LatAm, citing the local authority's finance minister Beatriz Arbelaez. The decision comes after an administrative court in Cundinamarca barred Bogota from selling its shares in ETB, bringing a halt to the city council's longstanding effort to divest its controlling stake of around 3 billion shares, equivalent to 86 percent of the company.

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Categories: General
Companies: ETB
Countries: Colombia
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