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General

Telecom Argentina places ARS 500 mln bond

Friday 27 November 2015 | 11:30 CET | News
Telecom Argentina has successfully placed ARS 500 million (around USD 52 million) of 18 and 36-month bonds, expandable to ARS 1 billion, reports Telesemana. The company will use the resulting funds to continue its infrastructure expansion plans, above all its 4G rollout, said the report. Telecom Argentina recently announced an investment of ARS 30 billion (USD 3.1 billion) over the 2015-17 period to complete a major overhaul of its fixed and mobile network.

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Categories: General
Companies: Telecom Argentina
Countries: Argentina
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