July 30, 2016 2:02 AM ET

Diversified Telecommunication Services

Company Overview of Empresa de Telecomunicaciones de Bogotá S.A. E.S.P.

Company Overview

Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. provides telecommunication and digital television services in Colombia. It operates through three segments: Fixed, Mobile, and Others. The Fixed segment offers fixed network services, such as landline and public phone, long-distance call, Internet access, IT, and network leasing services. The Mobile segment provides mobile phone services based on 4G technology. The Others segment commercializes integral security systems, such as access control and surveillance cameras, as well as sells equipment. The company offers its services to families, businesses, companies, and government institutions through its Website, a call center, its stores, se...

Carrera. 7, No. 20

Bogotá,  

Colombia

Founded in 1884

Key Executives for Empresa de Telecomunicaciones de Bogotá S.A. E.S.P.

Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. does not have any Key Executives recorded.

Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. Key Developments

Bogota City Council To Its Stake in Bogotá S.A.

The Bogota city council has voted in favour of the plan to sell its controlling stake in state owned telecoms operator Empresa de Telecomunicaciones de Bogotá S.A. E.S.P., El Espectador has reported. The motion was passed by a majority of eleven votes to four. The proposals are now scheduled to be discussed in a plenary debate in early June, 2016.

President Of ETB Supports Its Privatization

Jorge Castellanos, President of Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. (BVC:ETB), believes that the company should be privatized in order to become profitable again. Castellanos deems the sale as necessary because the company will continue to lose its market share in Bogota. Moreover, provided that the Coucil of Bogota approves the sale in the upcoming months of 2016, ETB will take a year to prepare for the bidding process. Castellanos further revealed that the sale will be worth COP 2.5 trillion, with an additional charge for taking an ownership of the company. Consequently, various trade unions and associations will have two to three months to participate in a private auction with fixed price shares, after which the sale of ETB will be open to all other potential buyers.

ETB Denies Sale Reports

Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. (BVC:ETB) has rejected press reports that the possible sale of the company is being considered. ETB issued a statement to the market saying that its shareholders, Board of Directors or Chairman have not issued any such instructions.

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