Colombian regulators have decided that the American Movil (AMX, quote) unit in the country, Claro, will not be allowed to participate in an upcoming 4G auction. Minister of Information Technology and Communications, Diego Molano, announced that the decision was to correct inequalities in the market for telecoms (Spanish).
Wednesday’s best web reviews a telecom deal in Mexico, the generic drug market in India, the case for Samsung to make a bid for Nokia, the health of the Indonesian rupiah, and the TAPI pipeline project.
U.S. cell phone users are used to having the right to keep their numbers when they switch networks. As the practice of making account information “portable” spreads, competition for subscribers in emerging markets is already getting more intense — and profit margins are feeling the strain.
Spain is failing to meet the budget goals it agreed to with the European Commission, which means it’s going to be the next Euro zone member with bargain-priced stocks on the market.