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Argentina's Telecommunications Industry and the Economic Crisis of 2002
During the 1990s, Argentina carried out an ambitious program of economic reforms, including the privatization of its telephone system and other state-owned utilities. In 2002, however, a severe economic crisis forced Argentina to default on its foreign debts, devalue its foreign currency, and freeze bank accounts. As part of the emergency measures, the government ordered the freezing of telephone and other utility tariffs and the renegotiation of all utility concession contracts. HKS Case Number 1678.0