Claro loses money

[NewsWhore]

Every month the Claro-Codetel phone company loses RD$700,000 due to phone cables being stolen. Company officials estimate that every year RD$10 million worth of cables is stolen. Communications director Fernando Placeres says that 2008 hasn't been as bad as previous years, when the company lost RD$20 million per year. Legal council for Claro-Codetel Ignacio Miranda says that cable thefts are high because of the black market. He added that metal companies buy the stolen cables without asking where the cables come from. The cables are considered valuable because of the copper wiring inside. Officials have continually argued that the DR can't export large amounts of copper since it is not mined here.

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