Analysis: Equipped with Mexican money Telecom Argentina looks at expansion into Uruguay

Following a corporate amalgamation involving Telecom Argentina's Mexican investor David Martínez and the Clarín Group, Martínez became owner of 41% of the new company, which is now looking to expand more strongly in Uruguay.

RIO DE JANEIRO, BRAZIL - Telecom Argentina has conditioned its investments in Uruguay upon that nation's government updating its regulatory framework to allow everyone in the industry to offer all fixed-mobile interconnected services, because, right now, Telecom Argentina can only provide restricted TV, and that only in very specific regions of Uruguay.

Telecom Argentina, which is partly owned by the Clarín Group and Mexican investor David Martínez, aspires to become a regional operator in the south of the continent. In Argentina, the company is the leading pay TV operator and holds a third of the country's . . .

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