36-day strike ends; cablecos announce USD611 million investment

6 Nov 2006

Mediation by the Argentine government has helped to end the 36-day strike by 2,000 outsourced Telefónica de Argentina workers, reports BNamericas, quoting state news service Télam. An agreement was brokered between the telco, the labour ministry and Foetra, the telecoms union. The dispute, which had closed some of Telefónica’s commercial offices and resulted in the suspension of some customer services, was over the status of the workers as members of the construction union Uocra. Foetra felt that the staff, working mainly on expansion of Telefónica’s network, should be represented by the telecoms union instead.

Elsewhere, local paper Infobae reported that cablecos CableVisión and Multicanal will be investing over USD600 million between them over the next three years digitalising their networks and expanding broadband services. Although both companies are owned by local media giant Grupo Clarin and US fund Fintech Advisory, they operate separately. CableVisión will continue to offer broadband via its Cuidad Internet service, while Multicanal provides services under the Fibertel banner (BNamericas).