Bolivia Moves Closer to Telecom Nationalization

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