Telefónica Móviles’™ Argentinean subsidiary Movistar Argentina has begun the process of returning part of its frequency spectrum to the regulator in compliance with the Argentine authorities’ stipulations for TM’s planned merger of its two local units Movicom and Unifon. Movistar is handing back spectrum in the northern and southern cities, and plans to relinquish frequency for some of the country’s metropolitan areas in the medium term. According to BNamericas, the cooperatives association Comarcoop is tipped to pick up the 40MHz of spectrum in the 900MHz and 1900MHz bands, although there are no clear guidelines on how the frequencies will be transferred. Comarcoop has already informed the regulator SeCom of its plans to become a mobile operator in Argentina. It is believed that such a venture would require USD150 million to USD200 million to get off the drawing board.