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Sunday, February 16

Forbes / Reuters Peru telecom regulator extends rates deadline: "The basic monthly fee of 60 soles ($17) for fixed telephone service became a hot political issue after Congress last month passed a bill that would have eliminated the charge. President Alejandro Toledo vetoed the bill, saying that it was unconstitutional and would have sent a bad signal to investors. Telefonica then proposed lowering the rate by 31 percent but also said that it would eliminate the 60 free minutes." The phone bill has turned into a real soap opera.



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