Ecuador looks for private administrator for CNT

28 Jan 2019

The government of Ecuador is considering the appointment of a private administrator for state-owned telco Corporacion Nacional de Telecomunicaciones (CNT), writes TeleSemana. Counsellor of the president, Santiago Cuesta, has proposed granting a concession to administer CNT and two other electricity companies for at least 20 years. Cuesta added that the idea is for a tender to take place in the second half of this year. The state will still maintain 100% ownership of CNT, however the day-to-day running of the telco would be handled by the winning bidder. Cuesta said that he has met with the National Anti-Corruption Commission to discuss the matter and has also spoken with CNT employees and other state companies in order to discuss bidding rules for the potential auction.

Ecuador, Corporacion Nacional de Telecomunicaciones (CNT)