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Bolivia Moves Closer to Telecom Nationalization

The Bolivian government has moved closer toapproved contracts as part of a plan by Mr.
nationalizing Entel, the country's largestMorales to nationalize the country's oil and
telecommunications  company.gas  industry.
On Monday, President Evo Morales' governmentLawmakers set aside past differences and
ordered the transfer of 47 percent of Entel'sunanimously approved all 44 deals negotiated
stock from two private pension funds to statelast year with several foreign energy
control.companies.
Authorities also were negotiating for theMr. Morales pledged during his campaign in
sale of the 50 percent stake held by anlate 2005 to give greater political and
Italian  company  Telecom  Italia.economic power to the country's poor. He is
Bolivia's  first  indigenous  president.
President Morales has set May first as the
deadline  for  the  nationalization of Entel.Some information for this report was provided
by AFP, AP and Reuters.
Separately, the Bolivian Congress last week



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