ARGENTINA CLAIMS TELECOMS REFORMS TO DRAW IN $20BN OF INVESTMENTS
Argentina’s communications minister has said reforms to the country’s telecoms market is expected to attract $20 billion worth of investment over four years.
Communications minister Oscar Aguad told Reuters that companies, including Motorola and AT&T, have expressed an interest in spending in Argentina.
In addition, Telecom Argentina and Telefónica de Argentina have both announced investments in recent months.
The reforms were announced last year and will allow telecoms companies to enter the cable TV market, which has traditionally been dominated by Cablevision.
The government has also announced plans to sponsor a new communications law last year aimed at encouraging development and competition in technological industries.