Argentina suspends Telecom's purchase of Telefonica unit

Business and Finance Business and Finance

Sat, March 22, 2025

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Trump revokes legal status for 530,000 Cubans, Haitians, Nicaraguans and Venezuelans

Fri, March 21, 2025

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Boxing legend George Foreman dies aged 76

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Homeland Security revokes temporary status for 53 .. 000 Cubans, Haitians, Nicaraguans and Venezuelans

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Trump targets rare-earth metals and says Ukraine .. ll happen 'very shortly.' This stock got a boost.

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Argentina suspends Telecom's purchase of Telefonica unit

[ Yesterday Evening ] - WRAL

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Trump administration transferring student loan, nutrition programs out of Education Dept

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[ Yesterday Afternoon ] - Newsweek

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[ Yesterday Afternoon ] - TheWrap

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[ Yesterday Afternoon ] - ESPN

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Argentina suspends Telecom's purchase of Telefonica unit

^{Published on 2025-03-21 18:41:03 - Reuters}

Argentina's presidential office on Friday said it issued a preventive measure to suspend Telecom's acquisition of Telefonica's local unit, claiming the pending merger could lead to excessive market concentration.

The article from MSN discusses how Argentina's government has suspended Telecom Argentina's acquisition of a unit from Telefónica, which was part of a broader $1.4 billion deal involving the sale of Telefónica's operations in Argentina, Chile, and Peru to Telecom Argentina and its partners. The suspension was enacted by Argentina's National Commission for the Defense of Competition (CNDC) due to concerns over potential market concentration and its impact on competition, particularly in the telecommunications sector. This move reflects the government's intent to scrutinize large mergers that could affect market dynamics, consumer choice, and pricing. The deal's future remains uncertain as it awaits further regulatory review.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/argentina-suspends-telecoms-purchase-of-telefonica-unit/ar-AA1BpL1m ]

N@N

Argentina suspends Telecom's purchase of Telefonica unit