The authorized capital of Colombia Telecomunicaciones (or the Company) is $1,454,870,740,000, divided into 1,454,870,740,000 ordinary nominative shares with a value of one peso currency ($1.oo). The Company’s subscribed and paid-out capital is composed of 3.410.075.788 ordinary shares. To date, the Company has 1.451.460.664.212 shares in reserve. The company’s shareholding composition is as follows:
| Shareholders | No. Shares | Percentage (%) |
|---|---|---|
| Telefónica Hispanoamérica, S.A. | 2.301.779.819 | 67,49937427 |
| La Nación – Ministerio de Hacienda y Crédito Público | 1.108.269.271 | 32,49984282 |
| Radio Televisión Nacional de Colombia – RTVC | 10.000 | 0,00029325 |
| Shirley Puentes Mercado | 9.950 | 0,00029178 |
| Adriana Cepeda Rodríguez | 2.488 | 0,00007296 |
| Patricia Cepeda Rodríguez | 1.493 | 0,00004378 |
| Darío Cárdenas Navas | 885 | 0,00002595 |
| Eduardo Cárdenas Caballero | 826 | 0,00002422 |
| Jhon Jairo Gutiérrez Torres | 498 | 0,0000146 |
| Kira Torrente Albor | 349 | 0,00001023 |
| Canal Regional de Televisión Ltda. TEVEANDINA | 200 | 0,00000586 |
| Área Metropolitana de Bucaramanga | 2 | 0,00000006 |
| Instituto de Vivienda de Interés Social y Reforma Urbana del Municipio de Bucaramanga – INVISBU | 2 | 0,00000006 |
| Caja de Previsión Social Municipal de Bucaramanga | 2 | 0,00000006 |
| Cooperativa de Empleados de las Empresas Públicas de Bucaramanga Ltda. | 2 | 0,00000006 |
| Central de Inversiones S.A.-CISA | 1 | 0,00000003 |
| Total | 3.410.075.788 | 100% |
Each share will confer the following rights to its owner:
1. To participate in the deliberations of the General Shareholders’ Meeting and vote in it;
2. To receive a proportional part of the social benefits established by the year-end balances;
3. That of freely negotiating the shares subject to the law and the provisions of article eight of the statutes;
4. That of freely inspecting the books and social papers, within the fifteen (15) business days prior to the meetings of the General Assembly of Shareholders in which the year-end balance sheets are examined; and
5. That of receiving, in the event of liquidation of the company, a proportional part of the company’s assets, once the Company’s external liabilities have been paid.