Argentina freezes TV, internet and mobile services until 2021 – MercoPress


Argentina freezes television, internet and mobile services until 2021

Saturday August 22, 2020 – 08:38 UTC

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The move marks the government’s latest move to contain prices amid 42% per year inflation and severe economic contraction

Argentina is extending the price freeze for television, internet and mobile services until the end of the year, considering them to be “essential public services”.

The freeze means suppliers will not be able to raise prices in the future without government approval, according to an after-hours statement sent Friday. Prices for these items had been frozen since May, with the ban due to expire at the end of the month.

The move marks the government’s latest move to contain prices amid 42% per year inflation and economic contraction worsened by a nationwide lockdown aimed at curbing the spread of Covid-19. Argentina has already frozen the prices of 2,000 consumer goods that it also considers essential.

“As we face the restrictions that the pandemic places on us, no one should have to give up part of their income to cover the price increases of these services,” President Alberto Fernandez said in a tweet on Friday evening that followed the announcement. “We guarantee access to everyone. “

His government has banned layoffs, doubled severance pay and implemented various currency controls. The decree is expected to be published by the end of Friday in the official journal.

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