Ninety days to find new service provider. Tell me this is not true? I could not survive another go around with any internet company again.
WSJ
WSJ
:BUENOS AIRES (Dow Jones)--Argentina has revoked the operating license of Grupo Clarin SA's (GCLA.BA) Fibertel broadband Internet provider, one of the country's largest, saying that it was providing the service illegally.
"Fibertel doesn't exist any more," Planning Minister Julio de Vido said at a press conference Thursday. The company has 90 days to notify customers and allow them time to choose a new provider, he said.
The move is the latest salvo in a battle between President Cristina Fernandez and media conglomerate Clarin, which the government regularly accuses of biased reporting.
Earlier this month, the national communications commission, or CNC, said Fibertel couldn't take on new customers because it lacks the proper operating license.
Several years ago Clarin merged Fibertel with local cable television provider Cablevision and began selling Fibertel services under the Cablevision license. That was illegal, according to de Vido.
Clarin is gearing up for a draw-out legal battle over the issue and doesn't expect the company to be affected, Clarin Chief Financial Officer Alejandro Urricelqui said on a conference call last week.