Monday, May 31, 2004

French broadcast concession ends in fiasco

Story buried? Back in January the Argentine government revoked Thales Spectrum's US$500 million concession to run Argentina's radio spectrum for broadcast TV, radio and other services after the French defense electronics company allegedly failed to meet 75% of the contract obligations. The task for regulating the airwaves will revert to the state. The deal goes back to 1997 when Argentina was one of the first countries in the world to privatise spectrum management. The contract was for 15 years. Wonder why it took them so long to discover 75% was wrong?? And why has it gone soooo quiet?

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