Bloomberg News

ETB to Propose No Dividend Payment in Shareholders Meeting

February 28, 2012

Empresa de Telecomunicaciones de Bogota SA’s board of directors will propose in a March 28 shareholders meeting that the company not pay a dividend in order to bolster investment in new businesses and modernizing the company, according to a regulatory filing late yesterday.

The company paid a dividend of 36.3 pesos (2 cents) per share last year, according to data compiled by Bloomberg.

To contact the reporter on this story: Andrea Jaramillo in Bogota at

To contact the editor responsible for this story: David Papadopoulos at

Hollywood Goes YouTube

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus