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BULLETIN: Chile Revises Mobile Access Telecommunications Charges Jan 04
Standard & Poors, Jan 2004
Abstract
NEW YORK (Standard & Poor's) Jan. 23, 2004--Standard & Poor's Ratings Services said that the decline in mobile access charges resulted from the quinquennial revision of telecommunication tariffs in Chile will not have an immediate impact on rated companies Compania de Telecomunicaciones de Chile S.A. (CTC; BBB/Positive/--) and Empresa Nacional de Telecomunicaciones S.A. (ENTEL) (BBB/Positive/--). The final decree would be enacted in February 2004. On Jan. 22, 2004, the Chilean telecom regulatory authority, Subsecretar-a de Telecomunicaciones (Subtel), submitted its final proposal, establishing a 26.5% reduction of mobile access between 2004-2009, with most of the impact in 2004. This presents a gentler decline from the original proposal of 33% submitted in November 2003 and assumes in the calculation a slightly higher...
Companies mentioned in this report are: Telefonica Chile S.A.,Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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