Business Services Industry
Peru: Transports and Communications Commission threatens to intervene in the cellular telecommunications market.
South American Business Information, November, 2004
Peru, Nov 17, 2004 (El Comercio Peru/SABI via COMTEX)
Jacques Rodrich, president of the Peruvian Congress' Transports and Communications Commission, has summoned Osiptel, the Peruvian telecommunications regulatory agency; the Ministry of Transports and Communications and the cellular telecommunications companies operating in the country to solve the distortions that affect the local telecommunications market within the next 45 days. Otherwise, it will intervene in the market. The warning was made amid concerns that the acquisition of the local assets of BellSouth, the US telecommunications company, by Telefonica Moviles, the Spanish cellular telecommunications company, will create a monopoly in the local cellular telephony market. Liliana Ruiz, general director...
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