Court lifts ETB ban on partner search

Colombian telecommunications company ETB is free to reinitiate its search for a strategic partner thanks to a Thursday court ruling that reversed a previous judge’s decision blocking the hunt.

ETB, or Empresa de Telecomunicaciones de Bogota, had been barred in September from searching for a partner, based on a legal complaint by its workers.

But the Administrative Tribunal of Cundinamarca, the province where capital city Bogota is located, said it lifted the ban in a Thursday decision.

The company’s labor union opposes the search for a partner, which ETB began in July. The company says it needs a strategic partner to provide capital.

ETB, controlled by the city of Bogota, competes with Spain’s Telefonica and Telmex.

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