Venezuela suspends telecom services price hikes

Wednesday 3 August 2016 | 09:01 CET | News
Venezuela's telecommunications regulator Conatel has suspended the implementation of price rises announced by some of the country's operators. Telefonica, Cantv, Digitel and DirecTV (AT&T) had stated their intention to increase the prices of a selection of tariffs between 130 and 900 percent due to rampant inflation and difficulties in obtaining US dollars through the country's strict currency control system. Conatel said Venezuelan president Nicolas Maduro had ordered it to suspend the price hikes and set up August meetings with operators and relevant agencies to examine the state of the

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Categories: General
Companies: CANTV / Digitel / DirecTV / Telefonica
Countries: Venezuela
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