Mergers & Acquisitions ·
Telecom Argentina agrees to sell mobile and residential internet assets to Metrotel for $450M
TCMFFTelecom Argentina SA
Telecom Argentina's Board of Directors approved the sale of its mobile services and residential internet customer packages, along with related spectrum rights and fiber-to-the-home infrastructure in Buenos Aires, to CPS Comunicaciones S.A. (Metrotel). The transaction follows regulatory approval by the Argentine Antitrust Tribunal, which appointed a monitoring agent for this remedy tied to a prior economic concentration deal. The total consideration is $450 million plus applicable taxes, payable in installments comprising asset transfer fees and a guaranteed minimum under a Framework Sharing Agreement that includes RAN sharing and roaming arrangements. Telecom Argentina operates telecommunications services in Argentina.