Telecom Argentina Must Sell 6 Million Mobile Lines to Metrotel
Telecom Argentina will transfer 6 million mobile lines and the Tuenti brand to Metrotel, the remedy attached to its 2024 Telefónica purchase. The post Telecom Argentina Must Sell 6 Million Mobile Lines to Metrotel appeared first on The Rio Times .
Telefonica has sold its Argentine mobile business to Telecom Argentina as part of a competition remedy. This sale involves transferring approximately six million mobile lines and around 200,000 fixed broadband accounts, along with the Tuenti brand. The merged company's market share in Argentina exceeded the regulator's approval threshold.
This is the final step in Telefonica's strategy of focusing on capital investment in Spain, Britain, Germany and Brazil. The new entrant Metrotel faces the challenge of retaining subscribers against established players, especially with rising mobile prices due to inflation. The financial terms of the transfer remain undisclosed and the migration schedule has not been published.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
