Bolivia Nationalizes Telecommunication, Promises More State Control

Bolivian President Evo Morales nationalised the country's leading telecommunications company and announced plans to return four foreign-owned gas companies to state control.

"Today, May 1, 2008, we are consolidating the energy nationalization," he said at a public ceremony.
"The Bolivian state has 50 per cent plus one share of the capitalist, or so-called capitalist, companies."

At the ceremony, Morales also signed an agreement to purchase a majority share in the gas production company Andina from its Spanish company, Repsol YPF.
Gas production company Chaco, pipeline company Transredes and German-Peruvian owned distribution company CLBH will also all be returned to state control.

Source : Al Jazeera