Colombian municipal telco ETB expects to end 2008 with approximately 2mn subscribers for its fixed telephony service, company secretary general Andrés Pérez told BNamericas.
The executive added that the operator expects to reach 420,000 subscribers in the broadband segment.
Pérez also said that a focus of ETB is strengthening the long distance telephony market, a market that is decreasing in the country.
ETB is currently offering triple play services through a strategic alliance with DirecTV. "We want to strengthen our alliance with DirecTV. Through this agreement we have an offer in the triple play segment without the need of significant capex in the short term," the executive said.
In the triple play segment, ETB expects to end 2008 with approximately 50,000 clients, Pérez added.
Last October, ETB selected investment bank Santander Investment Valores Colombia to advise the company on alternatives for a strategic partner. Santander Investment will now define the strategy for the partner search as well as propose financing alternatives to enable ETB to continue operating in a highly competitive market. ETB's shareholders recently authorized the company's board to seek US$300mn in financing.
ETB provides fixed services, long distance telephony, data and broadband services.
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