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ETB to Propose No Dividend Payment in Shareholders Meeting

Empresa de Telecomunicaciones de Bogota SA’s board of directors will propose in a March 28 shareholders meeting that the company not pay a dividend in order to bolster investment in new businesses and modernizing the company, according to a regulatory filing late yesterday.

The company paid a dividend of 36.3 pesos (2 cents) per share last year, according to data compiled by Bloomberg.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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