Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Argentina suspends Telecom's purchase of Telefonica unit
    Finance

    Argentina suspends Telecom's purchase of Telefonica unit

    Published by Global Banking & Finance Review®

    Posted on March 21, 2025

    2 min read

    Last updated: January 24, 2026

    Argentina suspends Telecom's purchase of Telefonica unit - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Argentina halts Telecom's acquisition of Telefonica's unit due to market concentration concerns, impacting telecom sector competition.

    Argentina Blocks Telecom's Purchase of Telefonica Unit

    (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.

    Spanish telecoms giant Telefonica said in February it was selling its unit in the country to Telecom Argentina for $1.245 billion as part of a strategy to reduce exposure to Latin America, prompting a pledge from President Javier Milei's government that it would try to prevent the formation of a monopoly.

    Milei's office said the suspension would remain in place until more analysis was carried out.

    The government's decision follows a recommendation from the National Commission for the Defense of Competition, which raised concerns about the impact of the merger on market fairness.

    According to the Argentine government, the transaction would lead to a market concentration of 61% in the mobile telephone sector, 69% in fixed-line telephony, and up to 80% in residential internet services in some areas of the country.

    Telecom Argentina, which is partially owned by Argentine media conglomerate Clarin Group, has expressed its intent to continue investing in the country's telecom infrastructure, particularly in expanding 5G and fiber optic networks.

    Telecom Argentina did not immediately reply to requests for comment.

    (Reporting by Natalia Siniawski; Editing by Kylie Madry; Editing by David Gregorio)

    Key Takeaways

    • •Argentina suspends Telecom's acquisition of Telefonica's local unit.
    • •Concerns over excessive market concentration prompted the suspension.
    • •The merger would lead to significant market share in telecom sectors.
    • •Telecom Argentina plans to invest in 5G and fiber optic networks.
    • •The suspension remains until further analysis is conducted.

    Frequently Asked Questions about Argentina suspends Telecom's purchase of Telefonica unit

    1What is the main topic?

    The main topic is Argentina's suspension of Telecom's acquisition of Telefonica's local unit due to concerns over market concentration.

    2Why was the acquisition suspended?

    The acquisition was suspended to prevent excessive market concentration in the telecom sector, as advised by the National Commission for the Defense of Competition.

    3Who are the key companies involved?

    The key companies involved are Telecom Argentina and Telefonica, with the Argentine government playing a regulatory role.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostFrance's Vivendi reduces stake in Telecom Italia to 18.4%
    Next Finance PostBarclays beats two lawsuits in US over $17.7 billion issuance blunder