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Colombia to relaunch sale of Telefonica's Coltel - report

Wednesday 22 July 2020 | 11:53 CET | News
Colombia's government is set to make a fresh bid to sell its 32.5 percent stake in Colombia Telecomunicaciones (Coltel), according to unnamed sources cited by business portal La Informacion. Two years on from its last attempt to divest its shareholding, the new government of Ivan Duque intends to take advantage of a new economic emergency decree that allows it to dispose of non-strategic assets with a view to raising some USD 12 billion in 2021 and USD 7 billion in 2022.

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Categories: General
Companies: Movistar Colombia / Telefonica / Telefonica Colombia
Countries: Colombia
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