{"id":308,"date":"2009-10-01T03:06:00","date_gmt":"2009-10-01T08:06:00","guid":{"rendered":"http:\/\/itn.mattrock.ca\/2009\/10\/01\/in-brief-telefonica-and-argentina-settle-dispute\/"},"modified":"2013-02-01T04:28:45","modified_gmt":"2013-02-01T10:28:45","slug":"in-brief-telefonica-and-argentina-settle-dispute","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2009\/10\/01\/in-brief-telefonica-and-argentina-settle-dispute\/","title":{"rendered":"In Brief: Telefonica and Argentina settle dispute"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 10pt;\"><strong>By Damon Vis-Dunbar<br \/>\n2 October 2009 <\/strong><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 10pt;\"><span style=\"font-family: andale mono,times; font-size: small;\">The Spanish multinational Telefonica and Argentina have discontinued their arbitration at the International Centre for Settlement of Investment Disputes. The proceedings had been suspended since October 2006, as the parties worked towards a settlement agreement. <\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 10pt;\"><span style=\"font-family: andale mono,times; font-size: small;\">Telefonica initiated its claim in 2002, alleging breaches of the Spanish-Argentina Bilateral Investment Treaty. The Spanish firm held a multi-billion dollar stake in Argentina\u2019s local phone company when in 2001 fixed line rates were frozen in response to the country\u2019s financial crisis. <\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 10pt;\"><span style=\"font-family: Calibri; font-size: small;\"><span style=\"font-family: andale mono,times;\">In recent years the Spanish firm has seen a boost in revenues outside of fixed-line telephone calls, particularly in the mobile phone market. Revenues in Argentina for the first half of 2009 totaled 1,332 million euros, according to Telefonica\u2019s financial statements.<\/span> <\/span><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips65','East African community'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>By Damon Vis-Dunbar 2 October 2009 The Spanish multinational Telefonica and Argentina have discontinued their arbitration at the International Centre for Settlement of Investment Disputes. The proceedings had been suspended [&hellip;]<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script><\/p>\n","protected":false},"author":4,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1924,2059],"class_list":["post-308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-itn","tag-icsid","tag-infrastructure"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=308"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}