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Algeria: Regulator denies responsibility for Lacom losses |
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Wednesday, 22 August 2007 |
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Algeria’s Post and Telecommunications Regulation Authority (ARPT) denies that it contributed to financial losses at Lacom, the country’s second national fixed line operator.
The ARPT has released a statement responding to Egypt Telecom officials who accused the authority of being responsible for the US$ 45 million losses incurred by Lacom. The statement says that the ARPT has taken "all the required measures that encourage fair competition in post and telecommunication market." It goes on to say that the ARPT "requested from Algerie Telecom to stop immediately its special offer of last July 5, while offering WLL phones for free", after a complaint was submitted by Lacom.
Lacom’s owners are looking for a way of ceasing operations without incurring further losses as the company is facing bankruptcy. Source: El Khabar and TeleGeography - WDR/Intelecon Regulatory News.
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