Bolivia seizes control of firms
- Share via
From Times Wire Services
Bolivia’s leftist President Evo Morales decreed a takeover of leading Bolivian telephone company Entel after accusing the company of failing to meet commitments to expand phone network coverage.
He also announced a $6.3-million deal with Spanish oil company Repsol, which will cede control of its Andina subsidiary to the government.
The government will pay more than $37 million to acquire controlling stakes in three other energy companies.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
