Business Services Industry
Compania Anonima Nacional Telefonos de Venezuela
Latin Trade, Nov, 2005
COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA, a Venezuelan telecom, said the country's Supreme Court ruled that it must index pensions of all of its retirees. The company said the decision would heavily impact shareholder equity and that it is considering legal options, including asking for a review by Venezuela's Constitutional Chamber.
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