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Argentine government seeks to cut rate deal with Telefonica.(ARGENTINA)(Brief Article)

Latin America Telecom

| November 01, 2005 | COPYRIGHT 2005 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

After more than three years since rates were frozen following a major currency devaluation, the Government of Argentina and Spain-based Telefonica appear to be willing to sit down to negotiate how much rates should be increased.

Telefonica wants a 45 percent rate hike, while the "populist" government would prefer to see an initial increase of 16 percent or three 10 percent hikes over an ...

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Source: HighBeam Research, Argentine government seeks to cut rate deal with...

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