Bogotá has abandoned plans to sell its stake in Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. (BVC:ETB), capital district's finance minister Beatriz Arbeláez confirmed in a letter to ETB President Jorge Castellanos after mayor Enrique PeÃalosa said as much to a local newspaper in January, 2019. Arbeláez said, "in accordance with what was indicated by the mayor in January, 2019 in a newspaper, the district administration informs that it will not proceed with the sale of its stake in ETB."