A PYMNTS Company

Colombia: Telecom underdogs support bill to cap market shares

By  |  November 13, 2012

Several telecommunications operators have expressed support for the adoption of an antitrust bill that would set market share caps. Avantel, Azteca Comunicaciones, Directv, ETB, Movistar, UNE and Tigo have jointly released their support for the bill, which was submitted last October. The companies cited a study by Fedesarrollo, which says that Colombians pay higher prices than necessary – costing the nation about $2.6 billion – due to a telecom market that isn’t competitive enough. The companies who support the bill are all competitors to Claro, Colombia’s largest telecom provider. If passed, the bill would prevent an operator from having more than 30 percent of overall market revenues.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Telecom Paper

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.