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Friday, July 27

Bloomberg.com Peru's Kuczynski Says Regulator Wrong on Telefonica, Paper Says: "Peruvian telephone regulator Osiptel said earlier this week that it had approved a new formula that will force Telefonica to drop rates starting in September and lead to a 17 percent drop in telephone calls prices in three years. Telefonica contended that it was going to appeal the decision, which it charged violated its concession contract and was politically motivated." It's easy to score political points by forcing producers to lower their rates.



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