Bogota seeks to privatize public telecommunication company ETB
Mayor Enrique Peñalosa asked Bogota’s city council for permission to sell the...
Tag: etb
Carlos Slim’s Colombian wireless empire under threat
Colombian lawmakers have proposed a bill that would put Mexican billionaire Carlos Slim, currently ranked as the richest person in the world, in a tenuous position with his wireless empire, reported Bloomberg news Wednesday. The...
ETB now offers a cell phone service
The president of Colombia’s state-run telecommunications company, ETB, announced the company now offers cell phone service. There are currently 1,300 active sim cards available, a number which is set to rise to 10,000 over...
Traders cleared of wrongdoing in EEB share price drop
Colombia’s financial regulator has ruled out any wrongdoing by traders or investors during the sudden drop of EEB share prices in December. The investigation was sparked after Bogota’s state-owned electricity company...
New ETB president not worried about share price drop
The president of Bogota’s public telecommunications company, ETB, said he was not worried about recent movements of company shares in the Colombian Stock Exchange, financial publication Dinero reported Wednesday. Saul...
Bogota public utility companies merger put on hold: ETB president
The new president of Bogota’s telephone company ETB has announced that its merger with the capital’s energy and water companies has been put on hold, Colombian media reported Tuesday. Saul Kattan Cohen, the new...
Petro suggests EEB buy own shares to prevent further price drops
The mayor-elect of Bogota asked the management of city-run electricity company EEB to “use the share buying fund to prevent speculative blows” Friday. The share value of EEB fell by 17% in two days, a loss equivalent...
Head of Colombia state phone company ETB resigns
The top executive of Colombia’s government-run telephone company ETB, whose share price was recently at a 33-month low, has resigned, according to a statement from the company. “Fernando Carrizosa turned in his...
Bogota to sell majority stake in ETB
Bogota will sell its 86.6% stake in Empresa de Telecomunicaciones de Bogota (ETB), the mayor’s office announced Wednesday. After two unsuccessful years of searching for a “strategic partner,” the mayor’s...
Polo Democratico: Phone company privatization driving delays in mayoral selection
The Polo Democratico said that the government’s continued delays in choosing a new Bogota mayor are driven by private interests in the sale of the currently state-owned telecommunications company ETB. Party members said...
