Empresa de Telecomunicaciones de Bogota SA, the city-owned phone company, has no plans to seek a partner or buyout for at least two years as it adds television and mobile service, Chief Executive Officer Saul Kattan said.
Colombian Inspector General Alejandro Ordonez speaks in Bogota. *Bogota mayor Gustavo Petro is immediately removed from office and banned from holding public office for 15 yrs, according to statement read out by Ordonez *Petro’s decisions on managing the capital’s trash collection violated rules of free commerce and put at risk the health of Bogota’s inhabitants, Ordonez said *Shares of Bogota-based phone company ETB rose 10.2% *Petro said he wouldn’t respond immediately, in remarks broadcast by Cable Noticias
Gustavo Petro has received so many death threats for exposing Colombian corruption that he deploys 15 bodyguards as he campaigns for mayor of Bogota. The former guerrilla’s latest target is the graft he blames for the city’s decline from urban-planning model to traffic-clogged muddle.
Gustavo Petro, mayor-elect of Colombia’s capital, denied on Twitter that his comments caused this week’s plunge in shares of Empresa de Energia de Bogota SA and vowed to defend the city-controlled company with his life against “speculative” private interests.
Empresa de Energia de Bogota SA, Colombia’s second-biggest electricity distributor, sank the most in two years after Bogota’s mayor-elect Gustavo Petro said he plans a merger with other public companies and questioned the company’s investments in Peru.