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Wireless

Personal Argentina to invest ARS 40 bln by 2018

Thursday 10 November 2016 | 10:57 CET | News
Personal Argentina, the mobile unit of Telecom Argentina, has announced the offer of two series of non-convertible bonds, the first for ARS 550 million maturing in 18 months and the second for ARS 50 million maturing in 24 months from the date of issue. The funds raised will be used to refinance short-term debt and finance its 3-year network investment plans. Parent company Telecom Argentina recently reported a 70 percent rise in Capex to ARS 7.70 billion in the first nine months of the year, with Personal planning to invest a total of ARS 40 billion by 2018 to expand its 4G LTE network,

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Categories: Mobile & Wireless
Companies: Personal / Telecom Argentina
Countries: Argentina
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