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Technology Stocks : Ascend Communications (ASND)
ASND 209.30-1.8%3:59 PM EST
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To: Matt Webster who wrote (38693)3/10/1998 9:33:00 PM
From: Glenn D. Rudolph   of 61433
 
Argentine telcos have no comment on deregulation

Reuters Story - March 10, 1998 21:14
%LATAM %AR %EMRG %LDC %TEL %ES %US TEA2.BA TAR TEO TEC2.BA V%REUTER P%RTR

BUENOS AIRES, March 10 (Reuters) - Telefonica de Argentina
and Telecom Argentina
refrained from comment Tuesday on a government announcement
ending the firms' telecommunications monopolies in 1999.
Both companies said there would be no official comment on
the government's plans to deregulate telecommunications until
the decree by President Carlos Menem is published.
Menem announced a series of measures Tuesday which starts
with the immediate liberalization of public telephone services
and ends next year with the opening of all telephone services
to more competitors.
Telefonica said in a letter to the Buenos Aires Stock
Exchange that once the decree is ready "we will inform the
exchange about it and we will proceed with the analysis of its
implications, affects and our course of action."
Telecom issued a similar letter, saying it will "inform
about the elements that will have a significant relevance for
the company."
The original privatization contract of 1990 for the firms
foresaw an extension of the companies' basic telephone service
monopolies until 2000.
Officials from the Communications Secretariat which
published a pamphlet on the changes Tuesday said the decree was
likely to be published in the government's daily Official
Bulletin Wednesday, though it could be later in the week.
The companies said they needed more details than the
pamphlet to express their views.
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