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Telecom Argentina S.A.

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Description

Telecom Argentina is an Argentine telco that owns licenses to provide fixed-line, mobile, public telephony, internet, and local, long-distance and international telephony services. In mobile, Telecom Argentina operates in Paraguay through its Núcleo brand, while in Argentina it owns the Personal brand, which also offers 4G services in Buenos Aires, Córdoba and Rosario, serving over 200,000 clients. It aims to reach full national coverage within five years. In 2016, Hedge Fund Fintech acquired a 51% stake in Telecom Argentina from Sofora, which, until March 2016, was a subsidiary of Telecom Italia, with a 68% stake. Fintech is looking to buy the rest of the shares that are currently on the market.

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