Shareholders of Chile's Entel OK $540 million capital increase

jueves 28 de abril de 2016 10:50 GYT

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)