SR Telecom sells CTR stake

2 Feb 2007

Canadian wireless broadband solutions provider SR Telecom has announced the sale of its Chilean subsidiary Comunicacion y Telefonia Rural (CTR) to Chile.com. As part of this transaction, SR Telecom has been fully released from all of its obligations with respect to CTR, including liabilities in respect of loans to CTR amounting to approximately USD29 million, although it will not receive any cash. Santiago-based Chile.com is an integrated telecom, internet hosting, long-distance and e-Business service provider with operations in Chile, Peru, Brazil, Colombia and Miami (USA).

Chile