Bolivia seizes control of firms
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.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
