Before the Chavez Government states its position on the CANTV purchase of Digitel, let me state mine, to make sure some of the fanatics don’t accuse me of always taking an anti-Chavez position.Very simply, I would not allow the transaction as proposed. In a country with 9 million cell phones, more than one in every three Venezuelans has a cell phone, it can not be good for the consumer to eliminate one competitor. This is what Government’s are for, to regulate the economy, not to participate in it. They should stop it. The only solution I see is for CANTV to sell Movilnet. If CANTV sells its residential telephony to the Government as a way to allow the transaction, I would also disagree with it. Competition is good, as simple as that.
The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
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