CAFTA is a trade agreement between the United States, the Dominican
Republic , and five Central American countries: Costa Rica, El Salvador,
Guatemala, Honduras, and Nicaragua ."
Credit Suisse First Boston advised BAC in the deal.researchandmarkets.
GSM has become the most popular mobile technology for Latin Americans.

Infrastructure
Latin America has a low teledensity with only around 17% of the population
having a telephone line in early 2005. Besides AT+T, Telmex also acquired Brazilian Embratel,
Argentine Techtel and Chilean Chilesat. Telecom Italia , on the other hand,
agreed to sell two of its Latin American operations: Venezuelan Digitel and
Entel Chile. Guatemala
14.

involving honduras

S. The White House has indicated its desire to pass CAFTA before the July
4th recess. (USA), offers a
range of financial products, including private label credit cards ,
personal loans, bank cards, auto loans and leases, mortgages,
corporate travel and purchasing cards, debt consolidation and home
equity loans and credit insurance. More information can be found
online at www. The two most
outstanding deals in 2004-2005 involved BellSouth's sale of all its Latin
American assets to Spain's Telefonica, and AT+T Latin America's sale of its
operations to Telmex. Puerto Rico
24.

democracy clas

com

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology,
media and financial services company focused on solving some of the
world's toughest problems. Brazil
7. Peru
23.

involving consulates

I will do everything
within my power to ensure that those who stood with us did not do so in vain,
continuing the fight by mobilizing Teamsters across this country to tell their
Senators and Representatives to stand up against this job-killing trade deal .----GE Consumer
Finance, one of the largest consumer lending businesses in North
America, today announced that it would acquire a 49.
There is a marked trend towards the use of alternative systems, especially
WLL and VoIP, and fixed-line operators are looking to Digital Subscriber Line
(DSL) services to increase their revenue potential. Executive Summary
2. Jamaica
18 .

embassies honduras

"
Union members took an active role in the anti-CAFTA effort, targeting key
members of Congress via email through the Teamsters web site. This e-mail army will be
very active in the future," Hoffa said.

GE Consumer Finance to Acquire 49.99 Percent Interest in BAC International Bank Inc.; BAC is a Leading Credit Card Issuer in Central America

Business Editors

STAMFORD, Conn. The terms were not disclosed.
This partnership is a great opportunity to add our global perspective
and know-how to the local communities served by BAC. Regulators are undecided as to
how to regulate (or not regulate) these services and as a result, the
situation in each country is different. Mexico
19. Uruguay
26.

governance guatemala

"
"I commend those on both Committees who opposed the draft agreement and
attempted to improve its labor rights provisions," Hoffa said.
BAC is one of the largest banks in Central America and has been
operating in the region for over 50 years. Paraguay
22. Suriname
25.

democracy communicate

"
"BAC has a strong and respected management team, and they have
built a solid financial services business in Central America," said
Glen Wakeman, president and CEO for GE Consumer Finance in Latin
America.

Research and Markets: Latin America Has Low Teledensity With Only Around 17% of the Population Having a Telephone Line in Early 2005

In
fact, in terms of GSM, Latin America is the fastest growing region in the
world, soaring by 151% in one year.com
Fax: +353 1 4100 980

constitutions governance

7
billion in consumer credit card loans, mortgages, and auto, small
business, corporate and commercial loans; and has over 8,000
employees. "We're excited about the bank's prospects for future growth. Telecommunication infrastructure varies
from nonexistent to rudimentary and from adequate to well advanced in some
major cities.

clas governance

Hoffa Criticizes Congressional Committee's Endorsement of CAFTA Trade Agreement

Costa Rica
11.

georgetown embassies

Begor,
president and CEO, GE Consumer Finance-Americas .com

DUBLIN, Ireland, Research and Markets
(http://www.

Contents are as follows:

1.

democracy belize

"American workers need
fair and smart trade agreements that will truly strengthen the economy and
create jobs -- not another job-killing NAFTA.

BAC has 178 branches in
countries including Costa Rica, El Salvador, Guatemala, Honduras,
Nicaragua and Panama. Colombia
10. Dominican Republic
12.

honduras equipping

geconsumerfinance.

Fixed network operators in Latin America
In terms of revenue, the five leading fixed-line telcos in Latin America
are: Telmex (Mexico), Telemar (Brazil), Telesp (Brazil), Brasil Telecom
(Brazil), Telecom Argentina (Argentina ).

georgetown honduras

In broadband, the most popular technology
is ADSL, which grew by 104% in 2004.
The drive towards consolidation in the region is continuing. Bolivia
6.

involving governance

S.4 million hardworking men and women throughout the United States
and Canada.

About GE Consumer Finance

With more than $151 billion in assets, GE Consumer Finance, a unit
of General Electric Company, is a leading provider of credit services
to consumers, retailers and auto dealers in 41 countries around the
world .

oas georgetown

Senate Finance Committee, the U. GE Consumer Finance, based in Stamford, Conn.
While most telecom markets in Latin America are both privatised and
deregulated, liberalisation has mostly advantaged the mobile sector. When it
comes to fixed lines, it is not easy for new entrants to build out a network
that can compete with the incumbent's. So, fixed-line growth is stagnating
even in the major economies such as Brazil, where operators have reached their
service goals for line installation and consumers are increasingly favouring
mobile. Argentina
4. Nicaragua
20.

guatemala electoral

Teamsters General President Says Pact Will Cost U.99 percent stake
in BAC International Bank Inc.9 billion in deposits; $1.
"By combining with one of the world leading financial services
companies, and one of the world 's most respected brands, we believe we
can expand our offerings of products and services to consumers across
Central America," said BAC Chairman Carlos Pellas.

honduras equipping

The key issue is whether VoIP should be classified as a
telecom service or as a value-added service. Panama
21.

portuguese oas

These votes permit the President to formally send the pact to Congress,
beginning the legislative clock for Congressional approval as mandated by fast
track. BAC's Credomatic subsidiary is a leading debit and credit
card issuer in the region.ge. Honduras
17.

bilateral panama

"We're very
proud of the unprecedented response from our members.
Founded in 1903, the International Brotherhood of Teamsters represents
more than 1. The new partnership between GE Consumer Finance
and BAC will enable the two companies to deliver enhanced consumer
credit products to the growing Central American financial services
market.
As in the rest of the world, VoIP is one of the most important convergence
issues facing regulators .

americas equipping

S. House Ways and Means Committee today
ignored the needs of American workers, endorsing the draft Central American
Free Trade Agreement (CAFTA) and moving the deal further along the legislative
process . (BAC), a privately held retail bank and
credit card issuer based in Panama City, Panama."
Founded in 1952, BAC has about $1.com/reports/c17936 ) has announced the addition
of 2005 Latin American - Telecommunications Markets to their offering. Glossary Of Abbreviations


For more information visit
http://www.

pdba electoral

The transaction,
which requires regulatory approvals, is expected to close in the next
few months. All telecom
sectors benefited most especially mobile telephony and the broadband market. Venezuela
27.

objectives democracy

"For some a
'no' vote may have been difficult, but it was just. "This new partnership
will help us expand our business in Central America, and we're excited
to be able to work with a team as successful and respected as BAC. With products and services ranging from
aircraft engines, power generation, water processing and security
technology to medical imaging, business and consumer financing, media
content and advanced materials, GE serves customers in more than 100
countries and employs more than 300,000 people worldwide.newscom. Belize
5. El Salvador
13. Guyana
15.

americas consulates

"We believe the combination of GE Consumer Finance's broad global
experience and BAC's established position in Central America will
allow us to accelerate growth opportunities for both of us in this
strategically important emerging market," said Mark W.
Ernesto Castegnaro , BAC president and CEO, added, "We look forward
to immediately starting work with GE Consumer Finance on this exciting
new chapter in BAC's growth and development.com/cgi-bin/prnh/20040820/RESEARCH )
This annual report offers a wealth of information on the
Telecommunications Market in Latin America covering:

- Infrastructure Issues
- Regulatory issues and government policies re infrastructure
- Datacomms Infrastructure, Leased Lines, ISDN
- Public and Value Added Data Services
- Leased Lines, ISDN, Frame Relay, ATM
- Brief overviews on all of the major telecommunications carriers and
service providers in 26 Latin American countries

Latin America's economic woes, which peaked in 2001-2002, began to lift in
mid-2003, and 2004 proved to be a year of exceptional growth. Overview of The Fixed Voice, Infrastructure And Data Markets
3. Chile
9.com/reports/c17936

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

bilateral pdba

Jobs, Harm Economy

WASHINGTON, Following yesterday 's actions by the
U. For more
information, visit the company's Web site at www.
(Logo: http://www.
Although economic growth in 2005 is expected to ease compared with 2004, the
prospects are still highly promising.researchandmarkets.

governance constitutions

"The Senate Finance and House Ways and Means Committees both had an
opportunity to send a message to the President that he needed to renegotiate
CAFTA ," said Jim Hoffa, Teamsters General President. Many ISPs in the region are terminating and
originating international long-distance traffic despite not having government
approved licences. Caribbean Countries
8. Haiti
16.

embassies constitutions

---

- - kjjkjk

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