Antitrust authorities ask Telecom Italia to sell assets in Argentina

www.WirelessFederation.com/news: The Argentine anti-trust authorities have reportedly ruled that Telecom Italia should sell Telecom Argentina to avoid a telecommunications monopoly.
Argentina’s CNDC anti-trust commission has been investigating the possible dominant position of Spain’s Telefonica SA  in Argentina’s telecommunications market because it controls telephone company Telefonica Argentina, which competes with Telecom Argentina.
CNDC Vice-President Humberto Guardia Mendoza was quoted as saying the commission “will force Telecom Italia to sell all its assets in Argentina.”
While Telecom Italia has, according to a media report, will appeal against the ruling at the World Bank’s arbitration body.
Telecom Italia is likely to sell its stake in its Argentine company due to the anti-trust probe. Telecom Italia owns half of Sofora Telecomunicaciones SA, the holding company that controls Telecom Argentina.