World VoIP NewsGovt to begin fresh TI antitrust probeGovt to begin fresh TI antitrust probe

Govt to begin fresh TI antitrust probe


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The government of Argentina has decided to start over its antitrust review of Telecom Italia (TI’s) 50% stake in Sofora, the holding company that controls fixed line incumbent Telecom Argentina, rather than pursue a current case that has become entangled in courts, according to Dow Jones Newswires.
The government of Argentina has decided to start over its antitrust review of Telecom Italia (TI’s) 50% stake in Sofora, the holding company that controls fixed line incumbent Telecom Argentina, rather than pursue a current case that has become entangled in courts, according to Dow Jones Newswires.

CommsUpdate reported earlier this month that an Argentine court had revoked a ruling issued by the country's antitrust agency, the National Commission for the Defense of Competition (CNDC), which ordered TI to sell its indirect shareholding in Telecom Argentina, stating that the CNDC did not have the right to order TI to sell its shares. The government has since decided not to appeal the court’s decision, fearing the process could take years to resolve. Two resolutions have been posted in the government's official bulletin, one of which revoked an order for TI to sell its stake by 25 August 2010, while the other places Deputy Economy Minister Roberto Feletti in charge of conducting a new investigation into a monopoly in the telecoms sector.




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