Telecom Argentina Sells 6 Million Customers
Telecom Argentina will sell about 6 million mobile customers to Metrotel for US$450 million, as US funds Blackstone and Riverwood sell the buyer to new owners. The post Telecom Argentina Sells 6 Million Customers appeared first on The Rio Times .
Telecom Argentina has agreed to sell 6 million mobile customers, along with related assets, to Metrotel for US$450 million. The board accepted the deal on Wednesday, 14 October, according to the company's filing with the US Securities and Exchange Commission (SEC). The sale is part of the company's US$1.245 billion takeover of the Argentine unit of Spain’s Telefónica, which includes the Movistar brand.
Antitrust regulators ordered the sale, requiring Metrotel to acquire at least 6 million mobile customers, 4 million in Buenos Aires and its surroundings, and 211,400 home internet subscribers in four Argentine cities. The transaction is being executed by CPS Comunicaciones, the current Metrotel entity.
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