Telecom Argentina Restructures Ownership and Services

Telecom Argentina (TEO) has released an update.

Telecom Argentina S.A. has restructured its business arrangements by finalizing an agreement that results in the company retaining full ownership of its subsidiary TDSMA, while also receiving a compensation of $5.5 million. The reorganization will see TDSMA expanding its service offerings in several cities across the Province of Buenos Aires, with the notable exception of San Miguel where it will cease operations.

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