PDF download

NotiCen PDF file 1997 right arrow Dec

Guatemalan Government Fails to Sell Telecommunications Monopoly

LADB Article ID: 54938
Category/Department: Guatemala
Date: 1997-12-18
By: LADB Staff

On Dec. 16, the Guatemalan government rejected an offer by Telefonos de Mexico (TELMEX) to purchase the Guatemalan telephone monopoly Telecomunicaciones de Guatemala (TELGUA) for US$529 million because the price offered was below what the government hoped to earn from the sale. The auction's failure represents a major setback in government efforts to sell state firms, since TELGUA is considered the crown jewel in the privatization program.

This is only an abstract of the requested article. To obtain the full text, please purchase a subscription or inquire with your institution as to its subscription to LADB.