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General

Court finds in favour of Clarin in Nextel Argentina case

Tuesday 24 November 2015 | 14:38 CET | News
An Argentine federal court has accepted an injunction brought by media conglomerate Clarin against the decision by telecommunications regulator AFTIC to block its acquisition of a 49 percent stake in Nextel Argentina, reports local daily El Cronista. AFTIC had previously deemed the transaction illegal on the grounds that Clarin failed to seek the required approvals, in a decision that was widely seen as politically motivated in view of the longstanding dispute between the media group and outgoing president Cristina Fernandez de Kirchner. However, Federal Contentious-Administrative Court No. 9

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Categories: General
Companies: Clarin / Nextel Argentina / NII Holdings
Countries: Argentina
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