Entel to raise CLP350bn through share issue

21 Mar 2016

Chilean telecoms group Entel has unveiled plans to raise CLP350 billion (USD511.4 million) through the issue of new shares. The group will hold an extraordinary shareholders meeting on 4 April to approve the capital increase. Whilst the company did not disclose how it intends to use the proceeds, Diario Financiero reports that the operator intends to ‘strengthen the successful penetration strategy we are carrying out in Peru.’

Chile, Peru, Entel Chile, Entel Peru