Latin America

Telecom Argentina is an Argentine telco that owns licenses to provide fixed-line mobile public telephony internet and local long distance and international telephony services. In mobile Telecom Argentina operates in Paraguay through its Núcleo brand while in Argentina it owns the Personal brand which also offers 4G services in Buenos Aires Córdoba and Rosario benefiting over 200 000 clients and aims to reach full national coverage in five years. Based in Buenos Aires the company is indirectly controlled by Telecom Italia which in 2013 agreed to sell its controlling stake in Sofora Telecomunicaciones to US investment fund Fintech. Sofora is the holding company that controls Telecom Argentina through its subsidiary Nortel. As the transaction has failed to win regulatory approval both firms have agreed three deadline extensions in order to close the deal.