May 27, 2017 12:00 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

Millicom, Telefonica Are Main Contenders For ETB

European telecoms giants Millicom International Cellular S.A. (OTCPK:MIIC.F) and Telefonica S.A. (BME:TEF) are currently the main potential bidders for the acquisition of Colombian capital Bogot¡'s municipally owned Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. Last week, the municipality said the telco will go on sale in mid-May 2017. It was reported that to date only UNE-Millicom and Telefónica have expressed their intention of doing due diligence on ETB. Bogoti municipality owns 3 billion shares equivalent to 86% of the company, meaning a potential transaction value of at least approximately $820 million. The sale was approved by the city council last year, but was held up as employee unions opposed the sell-off.

Empresa Share Sale To Commence In May

The city government of Colombia's capital Bogota intends to begin the sale of its controlling stake in Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. (BVC:ETB) (ETB) in mid-May, with a view to raising at least COP 2.38 trillion ($813 million). According to Reuters, which cites a filing to the financial regulator, the sale value is equivalent to COP 671 per share, for 86.35% of the company.

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.

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