Argentina freezes telecoms price increases until end-2020

25 Aug 2020

Argentina has extended a price freeze for mobile, broadband and pay-TV services until the end of the year, deeming them ‘essential public services’, Bloomberg reports. Prices for the services in question have been frozen since May, with the ban set to expire at the end of this month. The freeze means providers will not be able to raise prices without government approval. Argentina has already frozen prices on a further 2,000 consumer goods it also deems essential. The article notes that inflation is running at 42% annually, and the nationwide lockdown to curb the spread of COVID-19 has only served to deepen the economic contraction.