S&P: Entel unaffected

Standard & Poor's said that Empresa Nacional de Telecomunicaciones SA (Entel, BBB+/negative) recently announced the sale of its stake in Americatel Centroamerica SA for about $16.5 million, noting that this transaction will not affect the rating on the company.

The agency said this is given the fact these operations and assets are noncore for Entel and in this sense, Americatel Centroamerica only represented about 3% of Entel's consolidated sales and only 1% of EBITDA generation in fiscal 2005.

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