Telecom Argentina S.A. completed the acquisition of Negocios y Servicios S.A.
December 30, 2022
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Telecom Argentina S.A. (BASE:TECO2) agreed to acquire Negocios y Servicios S.A on June 1, 2022. As of September 30, 2022, Total consideration of this transaction is ARS 710.7 million. Telecom Argentina S.A has paid the base amount of 40% of ARS 284.4 million as a part of transaction. The remaining balance will be paid in four equal and consecutive annual installments, and will accrue an interest on balances of 6% per year in dollars. As of September 30, 2022 the debt amounts to ARS 630 million, of which ARS 167 are current and ARS 463 million are non-current. On August 24, 2022, the General Ordinary and Extraordinary Shareholders' Meeting of NYSSA has approved this transaction. This deal is expected to close on December 31, 2022.
Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of Negocios y Servicios S.A on December 31, 2022.
Telecom Argentina S.A. provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company's segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). The Company, through its subsidiaries, also provides mobile telecommunications services and international wholesale services. The Fixed services segment consists of basic telephone services, interconnection services, data transmission and Internet services, information and communication technology services, and other telephone services. The Company, through its subsidiaries, such as Telecom Personal S.A. and Nucleo S.A., provides mobile services in Argentina and Paraguay, respectively.
TELECOM ARGENTINA S.A. 
