Bolivia government to reduce telephone profits to gain better access for poor

Posted on November 30, 2011 • Filed under: Bolivia, Business, Social Issues

The Bolivian government announced that discounted profits for phone companies to fund a plan that service access in poor and remote areas of the country, but some operators challenged the decision, reports said Wednesday. The government will deduct 2% of the profits of the telephone in 2012 to fund the National Social Inclusion Telecommunications under a law relating to companies that have not met “the goals of expanding coverage in rural telephony” , said Tuesday the Minister of Public Works, Walter Delgadillo. Read Article

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