The ARSAT-1 is Argentina first domestically designed and developed geostationary communications satellite, and its construction and successful launching, on Thursday, was defined by the government as historic.
Telefonos de Mexico SAB, the country’s largest phone carrier plunged the most in the stock market since December 2008 after the government rejected its application to start offering video services.
Mexican telecom magnate Carlos Slim, ranked as the world's wealthiest man by Forbes magazine, plans to invest 1.5 billion US dollars over the next two years in Argentina's telecommunications sector, officials said.
The Bolivian Space Agency (ABE) and the Chinese Great Wall Industry Corporation signed a commercial contract for the construction and launching of the first Bolivian telecommunications satellite, which has been baptized Tupac Katari.