Telecom Argentina’s Growing Influence Sparks Alarm
Telecom Argentina, a dominant player serving northern Argentina, including Buenos Aires, now absorbs Telefónica Móviles Argentina’s mobile, telephone, and broadband services. The transaction, signed and closed simultaneously, has intensified concerns that a market imbalance could emerge, diminishing consumer options and potentially leading to higher prices.
Financial giant Banco Bilbao Vizcaya Argentaria SA advised Telecom Argentina on the acquisition, though legal counsel details remain undisclosed.
With Argentina’s regulators preparing to scrutinize the deal, industry watchers are waiting to see whether Telefónica’s exit will be a clean break or a regulatory battlefield.
