September 1, 1997--'Boom beyond belief' -
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Published on: 9/1/1997
Last Visited: 6/21/2001
The whole Latin American region has had a fruitful shift in philosophy , says Steve W. Howlett , a senior loan officer in international business development at the Export-Import Bank of the U.S. Privatization is radically transforming the business environment , and governments are realizing that it's much easier to sell off their telecom companies and get a chunk of cash--and then tax [ revenues from the independent companies ] --rather than running them themselves..
VARIABLE RATES OF PROGRESS
Some South American nations have already embraced this philosophy.Chile , one of the first to deregulate its telecom market ( a decade ago ) , has the most advanced and competitive network infrastructure in South America.Yankee Group figures put Chile's teledensity at almost 17 lines per 100 people , and much higher in urban areas-- 85 % of all households in Santiago have phones ; only Argentina's average teledensity is higher , at 18 lines per 100 people.Since 1990 , Chile has experienced booming infrastructure growth--17 % per year for new installed lines , and 100 % network digitization.
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Privatization has transformed the business environment and the basic infrastructure of these countries--from steel to mining to telcom to air traffic , Howlett says.It's a boom beyond belief..
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