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General

Court upholds decision to suspend sale of Colombia's ETB

Monday 10 December 2018 | 11:49 CET | News
An administrative court in Cundinamarca has ruled that Bogota city council's shares in local operator Empresa de Telecomunicaciones de Bogota (ETB) cannot be sold, upholding an administrative judge's decision to suspend the sale process, reports Telesemana. The latest ruling appears to call a halt to the city council's longstanding effort to sell its controlling stake of around 3 billion ETB shares, equivalent to 86 percent of the company, for a total of over COP 2 trillion to fund a number of infrastructure works.

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Categories: General
Companies: ETB
Countries: Colombia
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