Miley government stops telephonica sale in Argentina as a remedy
The Javier Miley government stopped the “remedy” on the last minute of the sales operation of the Argentine affiliate of the telecom Argentina owned by the 80% powerful Claron Group of local capitals. In a statement that has signed the office of the president’s office, Casada warns that it will respond to the recommendation from the Competition Defense Commission, “the merger of the two organizations will significantly increase their market share.”
According to the Argentine government’s calculations, if you add the assets of telecom telephonica, “61%for the mobile phone market, 69%for fixed telephony” and 80%of the country in some parts of the country. “
“In response to the AnCE of Telecommunications in today’s world, the process of evaluating the effects of the National Commission for Competition Commission for the protection of competition requires the maximum vision of the process, which respects applicable regulations and international standards.
Telecom passed its business in Argentina on February 24 to Argentina for $ 1,245 million (about 1,189 million euros per current exchange rate). This is the first corporate operation to sign the Spanish telecommunications giant Mark Murtra has taken over the presidency since January, replacing Jose Maria Olvarez-Parate.
The Argentine government has warned that it applies antitrust rules, as “70% telecommunication services are in the hands of the same financial group, which produces monopoly, thanks to decades of state interests.” The background is that with the Miley Claron Group, Claron newspaper editor, the country’s largest circulation, along with the Hore TN News signal, television and radio mitter’s channel 13. Today, Miley has named Mile March 2 named “Claron: The Great Argentine Scam”. In a long text, he said, “We are going to protect Argentina to abuse the dominant position that he wants to have a group of telecommunications in the world of telecommunications.”
Mili’s excitement against the monopoly eventually disagreed with what he held in the middle -February Speech at Inter -American Development Bank (IDB) headquarters In Washington DC. By the end of his speech, after the many years of study, “monopolys are not bad, unless they have state weapons.” According to Ultra -Rite’s logic, state regulatory agencies need to be said about the purchase and sale of private companies.
They promised to not indicate the formation of telephonica monopoly when they were purchased from Telecom Argentina, because “they are complementary organizations in services and geography.” “These consolidations are being given in telecommunication companies around the world. The decision to retire in telephonica years ago and this has led to an non -investment system,” the company’s external communication director Pedro Lopez Matthew told El Pace. “A group of national capitals have a chance to consolidate their investments in Argentina,” he said.
The telephonica, who attended Argentina since 1990, handed over his business to JP Morgan and Law in Argentina when the government privatized Entel, Peronist Carlos Menem (1989-1999), handed over to JP Morgan and Law, as part of a wide strategy of selling in Latin America.
