Inversiones Telco S.A.S. and Xxxxxxx S.A Sample Clauses

Inversiones Telco S.A.S. and Xxxxxxx S.A. S. INVERTELCO is a mixed economy company, decentralized by municipal services, with a public participation of more than 50%, whose corporate purpose is investment in telecommunications and BPO companies. Currently, it owns 99.999985% of Emtelco's shares. Emtelco was established in July 1994 in the city of Medellín by EPM and Empresas Municipales de Cali E.I.C.E. E.S.P. - EMCALI-, as a telecommunications company that provided connectivity services and communication equipment, which was initially located in Bogotá. In 2003, the company expanded its services to Ca// Center and began its operation from Medellín. 4325861 Later, in 2007, emtelco's telecommunications business was spun off, which was integrated into UNE's assets, and the company maintained the provision of call center services. In 2009, Emtelco opened a new service line: business process outsourcing (BPO) and began to operate as a contact center and to integrate other communication and relationship channels that became part of its services. Currently, Emtelco designs BPO solutions to connect corporate clients with their end users through different services: customer service, sales, collections, back office and service desk, this through different channels: telephone, virtual and face-to- face. From 2012 to 2021, the company has had an average year-on-year growth in sales of 15.3%, a result that is in line with the growth of the industry in Colombia (14%- 16%). INVERTELCO's consolidated financial results as of December 31, 2021, are as follows (figures in COP Million): Revenue