ETB Stakeholders Authorise US$600mn Debt To Fund Expansion

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ETB stakeholders have authorised the company to take US$600mn debt to fund expansion. The money is to go towards expansion of the company's fibre-optic network in Bogota and the surrounding area. The announcement coincides with the news that ETB is to launch pay-TV services in Bogota and the surrounding area by December 2012. CFW welcomes ETB's diversification into mobile services and pay-TV although we caution that the company may be attempting too much too quickly, following the launch of its MVNO in April 2012.