AR­GENTINA CLAIMS TELE­COMS RE­FORMS TO DRAW IN $20BN OF IN­VEST­MENTS

Capacity - - Latin America -

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.

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