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Privatization Plans Move Forward in Nicaragua, Generating Controversy

LADB Article ID: 55590
Category/Department: Nicaragua
Date: 1996-08-01
By: LADB Staff

The long-delayed privatization of Nicaragua's telecommunications system and the country's largest bank is moving toward completion, but the process has encountered obstacles. Competition to purchase a controlling interest in the state-owned telecommunications company Empresa Nicaraguense de Telecomunicaciones (ENITEL) is now at the final bidding stage with five international companies competing to buy 40% of ENITEL's shares.

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