Telecom to sign MOU with government

3 Mar 2006

Fixed line operator Telecom Argentina is set to sign a memorandum of understanding (MOU) with the Argentinean government, enabling it to extend its peak time period and increase prices of international calls. Utility tariffs have been frozen since early 2002 following the country’s economic crisis and ensuing currency devaluation. Rival fixed line telco Telefonica de Argentina signed a similar contract with the government earlier this year. Telecom has not revealed how much it will raise prices by, but has confirmed that it will invest a total of USD300 million in its network during 2006. Local tariffs will remain unchanged under the agreement.

Argentina, Deutsche Telekom (DT)