Last year the Colombian Congress issued Law 555 of 2000 whereby it established the general terms and conditions that would rule the process for granting the concession for the rendering of Personal Communication Services (PCS) in Colombia.
The subject matter of the above-mentioned law was further developed by the Colombian Government in Document Conpes 3118 of 4 June 2001, which was presented for its approval to the National Council of Economic and Social Policy (i.e. in compliance with the terms of said Law 555).
This document contains specific policies and recommendations from the Colombian Government regarding the concession of PCS, which may be summarized as follows:
a.
The bid process whereby PCS concessions would be awarded should begin as soon as possible taking into account that (i) the telecommunication market is growing, (ii) the process for granting PCS concessions of almost all Latin-American countries would only begin around the end of year 2001 or within the
