ETB, a Colombian telecommunications company, announced the refinancing of a debt amounting to approximately $900 billion to improve the conditions of its obligations. ^[1] ETB carried out a debt refinancing operation to improve the conditions of its obligations and strengthen its financial management and long-term sustainability. ^[2] As part of the restructuring, ETB extended the average maturity of its debt from three years to five years and incorporated a two-year grace period for capital payments. ^[3] The modification of debt terms is expected to free up approximately $723 billion for investment, which will support the execution of the company's transformation plan. ^[4] The debt restructuring maintains the same debt balance of nearly $900 billion but extends the average debt life from three to five years. ^[5] The operation incorporates two years of grace for capital payments, which will allow ETB to free up approximately $723 billion for investment. ^[6] The reduction in financing costs allows for an interest saving of $29 billion, which will contribute to optimizing ETB's financial cost in the long term. ^[7]