Shareholders of Chile's Entel OK $540 million capital increase
SANTIAGO, April 28 (Reuters) - Shareholders of Chilean telecommunications firm Entel approved on Thursday an approximately $540 million capital increase aimed at helping to pay for the company's $3.5 billion investment plan for the 2016-2020 period.
Entel said that a mix of debt, a capital increase and cash on hand will be used to fund the investment. (Reporting by Fabian Cambero; Writing by Anthony Esposito; Editing by Chizu Nomiyama)
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