Lao Telecom Firms’ Price-Fixing To Secure Profits In 2012

Lao Telecom operators are forecasting higher earnings this year after agreeing to set the minimum mobile phone call rate at 800 kip per minute.

LTC, ETL, Star Telecom and VimpelCom Lao reached the agreement at the end of last year, saying call rates would not fall below the minimum except on special occasions. This has enabled them to revise their revenue growth forecasts for 2012.

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