Markets · Corporates
—The ruling. Argentina’s competition authority cleared Telecom’s purchase of Telefonica’s local arm only if the buyer sheds 6 million mobile customers.
—The buyer. Telecom is controlled by Grupo Clarin, Argentina’s most powerful media group, and the deal was announced in February 2025 for $1.245 billion.
—The split. Of the 6 million lines, 4 million sit in greater Buenos Aires, 1 million in the north and 1 million in the south, to be handed to a new rival within two years.
—Spectrum too. Telecom must also return 130 MHz of airwaves, 60 MHz of it immediately and nationwide, and give a new entrant guaranteed access for two years.
