Colombian state-owned operator Empresa de Telecomunicaciones de Bogota (ETB) is preparing to issue a US$600m bond, reports Reuters quoting Gustavo Petro, Mayor of Bogota.
ETB is 88.4%-owned by the city of Bogota with the remainder of the company…
Colombian state-owned operator Empresa de Telecomunicaciones de Bogota (ETB) is preparing to issue a US$600m bond, reports Reuters quoting Gustavo Petro, Mayor of Bogota.
ETB is 88.4%-owned by the city of Bogota with the remainder of the company floating on the Bolsa de Valores de Colombia, the country’s principal stock exchange.
According to Petro, ETB has plans for a US$600m placement outside Colombia, with the proceeds being used to expand its fibre-optic network in Bogota with the ambition to connect up every home in the capital.
Petro also told the newswire he did not believe ETB would have a problem attracting financing from abroad for the project.
In May it was reported that ETB’s shareholders had approved a plan at an EGM to take on US$600m of debt to expand the telco’s fibre-optic network.
