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In an effort to spur competition, Argentine anti-trust authorities ordered Telecom Italia to sell its telephone holdings in the country to prevent Spain’s Telefonica from dominating the local market. More specifically, the Italian company has been given one year to sell its 50% stake in Sofora, the holding company that controls Telecom Argentina.
According to the National Commission for the Defense of Competition (CNDC), Telefonica has assumed a “dominant position” in the market, noting that the Spanish group controls Telefonica Argentina and through its stake in Telecom Italia, also has an indirect stake in rival operator Telecom Argentina.
Of course, Telecom Italia denied that Telefonica’s minority stake in the telco consortium — which in turn owns 24.5% of the Italian company — has no impact on the Argentine market…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
