Bolivia to introduce new telecoms legislation; sector safe from nationalisation

11 May 2006

Bolivia’s government has announced plans to introduce a new telecoms regulatory framework, according to BNamericas quoting local daily El Diario. The revamped legislation is aimed at improving services in outlying and rural regions. ‘We’re going to negotiate with the companies and try to change the regulations so that they do more than make profit,’ public works minister Salvador Ric told the paper. ‘They have to understand that this is a poor country and they need to help us with rural telephony.’ Ric added that there were no plans to nationalise the country’s telecoms providers. The government last week announced a plan to nationalise its natural gas industry as part of plans to ensure greater state control over industry.