Tag Archives: Coltel

Colombia offers to sell stake in Coltel

Colombias government, through the Ministry of Finance, last week offered to sell its 32.5 percent stake in Colombia Telecomunicaciones (Coltel), a Telefónica subsidiary. The government is selling 1,108,269,271 shares for CO$ 2,075 (USD 0.72). In this way, it hopes to raise CO$ 2.3 trillion (USD 795 million). This first stage ends on October 3 and [...]

Colombia pone a la venta participación en Coltel

El Gobierno de Colombia, a través del Ministerio de Hacienda, lanzó la semana pasada una oferta pública para vender su participación del 32,5% en Colombia Telecomunicaciones (Coltel) filial de Telefónica. El organismo pone a la venta 1.100 millones de acciones a un precio de CO$ 2.075 (USD 0,72) por acción. De esta manera, espera recaudar [...]

Colombia sets share price for Coltel

The Government of Colombia set the conditions for the sale of its 32.5% stake in Colombia Telecomunicaciones (Coltel), whose majority shareholder is Telefónica. Through a decree of the Ministry of Finance, the share price was established at CO$ 2,075 (USD 0.72), for which the State intends to obtain CO$ 2.3 trillion (USD 800 million). The [...]