Radar > 237159

Council of Bogota approves ETB sale

Concejo de Bogotá aprueba en debate de Plan de Desarrollo la venta de ETB

Intel ID : 237159
Synopsis

The commission for the debate of the development plan of the Council of Bogota approved the sale of the shares of Empresa de Telecomunicaciones de Bogotá-ETB (BVC:ETB) held by the city, reported El Tiempo on 30 May, 2016.

The sale of ETB was approved by the Council of Bogota at the debate of the development plan submitted by the government of the mayor of Bogota, Enrique Peñalosa.

In April, the government of the Colombian capital requested authorization from the Council to sell its 86.59% stake in the provider of telecoms services, which council members voted, approving in a second stage the 160 articles, including the sale of ETB shares (see related intel).
(content in spanish)

La comisión en debate del Plan de Desarrollo del Concejo de Bogotá ha aprobado la enajenación de las acciones de la Empresa de Telecomunicaciones de Bogotá-ETB (BVC:ETB) que están en manos del Distrito, según ha informado El Tiempo el 30 de mayo de 2016.

La enajenación de la ETB ha sido aprobada en el Concejo de Bogotá, en medio de la discusión del Plan de Desarrollo del gobierno del alcalde de Bogotá, Enrique Peñalosa.

En abril, el gobierno de la capital colombiana solicitó la autorización del Concejo de Bogotá para vender una participación del 86,59% de la prestadora colombiana de servicios de telecomunicaciones, con lo cual los cabildantes han hecho la votación y han aprobado en segunda instancia los 160 artículos, entre los que se encuentra la venta de las acciones de la ETB (ver Intels relacionados).

Target

ETB
Colombia

Intel ID 237159
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - ETB
(31 Dec 2013)
Revenue: EUR 499,97m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.01 Integrated Communication Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Public Services (Primary)
Primary Sector (TTRSC)
50.01.01 Executive & Legislative Offices/Bodies
50 Public Services & NGOs / 50.01 Government & Public Administration

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.