Argentina blocks Telecom-Telefónica deal - LatinFinance

The decision of the Government of Javier Milei to suspend preventively the sale of the Argentine subsidiary of Telefónica to Telecom will not affect the interests of the Spanish company presided over by Marc Murtra, since the country's legislation, unlike what happens in Spain and the European Union, does not provide for the imposition of conditions on the seller before authorizing the operation.

Milei Blocks Sale of Telefónica Argentina To Clarín’s Telecom - Inside Towers

Argentina President Javier Milei’s administration has confirmed its intention to take preventive measures to suspend last month’s sale of Telefónica’s Argentine operations to Telecom Argentina, a subsidiary of the Grupo Clarín media conglomerate, Buenos Aires Times reported. In the aftermath of the $1.245 billion deal, the government raised concerns that the merger could result in a monopoly, with approximately 70 percent of telecommunication se…

The Executive stressed that the measure “protects the rights of users and consumers.” Telecom confirmed that it has already been formally notified. CNDC and Enacom continue with the process of evaluating the operation and the possible configuration of a monopoly in one or more segments of the market. Telecom Argentina will have to wait six months to advance the merger with the local subsidiary of the Spanish group Telefónica, while the governmen…

The recent preventive suspension by the Argentine government of the sale of Telefónica Argentina to Telecom has generated a stir in the telecommunications sector. However, Marc Murtra, president of Telefónica, has declared that the transaction is already concluded and that the company has no further implications in the matter. Javier Milei’s government decided to suspend preventively the acquisition of Telefónica Argentina by Telecom Argentina, …

The Chief of Staff, Guillermo Francos, explained in an interview with the DNews channel that the government’s decision to stop Telefónica’s purchase by Telecom Argentina is based on technical reasons linked to the current legislation on competition and concentration of the radio spectrum. As the Argentine News Agency learned, Francos detailed that the merger between the two companies would exceed the limits established by law on the amount of sp…

Argentina blocks Telecom-Telefónica deal - LatinFinance

Government issues six-month injunction on concerns the acquisition will give Telecom a dominant position in the local market The post Argentina blocks Telecom-Telefónica deal appeared first on LatinFinance.