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Argentina: Telecommunications licenses cancelled Print E-mail
Friday, 04 July 2008

During the first six months of 2008, the government of Argentina cancelled 63 telecommunications licenses.

The licenses were cancelled primarily for lack of activity. Most of the cancelled licenses were value added service licenses, for services such as data transmission. There are currently 3,344 telecommunications licenses in Argentina.

"If the companies have no activity or revenues and do not pay taxes or contribute to the universal fund, it is normal and correct for the government to cancel the licenses," Alejandro Prince of Prince & Cooke said.

Prince added that the process of issuing licenses used by SeCom, the telecommunications ministry, is very slow. In the first half of 2008, 18 telecommunications licenses were issued by SeCom.

Source: Business News Americas - WDR/Intelecon Regulatory News.