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Friday, 6 September 2013

Venezuela Telecommunications Report Q4 2013:Information Technology & Telecommunication Market Research Reports

Information Technology & Telecommunication Market Research Reports
 
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Venezuela Telecommunications Report Q4 2013
Sep 4th 2013, 00:00, by rnrmahesh

BMI View: A heavy government influence helps shape Venezuela’s telecoms market, with state-owned firms playing a major role in all aspects of the sector. This not only deters private investment, but also affects private firms already operating in the country, such as Telefónica, as they are unable to repatriate their profits. There have been reports that a deal may be struck in the future enabling some repatriation in exchange for investment commitments. As the state controls a large portion of telecoms the sector, the development of infrastructure is closely linked to the success, or otherwise, of Venezuela’s oil sector. If …

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