Telefonica's Telecom Argentina Deal to Face Government Probe, Argentina President Says

MT Newswires Live

Feb 26, 2025

Telefonica's (TEF) move to sell its Argentina unit to Telecom Argentina will be reviewed by the government for possible breach of anti-monopoly rules, Argentina's President Javier Milei said late Monday.

Milei, who issued the statement shortly after Telefonica disclosed the deal in a filing, said the transaction could leave about 70% of telecommunications services in the country under the control of one group, creating a monopoly.

In a regulatory filing Monday, Telefonica said its TLH Holdco subsidiary sold Telefonica Moviles Argentina to Telecom Argentina for about $1.25 billion as part of Telefonica's strategy to reduce its exposure to Latin America. The deal was signed and completed Monday, Telefonica added.

Telefonica didn't immediately reply to MT Newswires' request for comment.

Price: 4.45, Change: +0.07, Percent Change: +1.60

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The deal was signed and completed Monday, Telefonica added.</p><p>Telefonica didn't immediately reply to MT Newswires' request for comment.</p><p>Price: 4.45, Change: +0.07, Percent Change: +1.60</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4115","symbol_name":"综合电信业务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514594011","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514594011","pubTimestamp":1740500867,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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