The Milei government preventively suspends the sale of Telefónica in Argentina

The government of Javier Milei has suspended in a “preventive” way on Friday at the last minute the sale operation of the Argentine subsidiary of Telefónica to the company Telecom Argentina, owned by 80% of the powerful Clarín group, of local capitals. In a statement carried out by the president’s office, the Casa Rosada warns that it responds to a recommendation from the Competition Defense Commission, “attentive to the fact that the fusion of both companies would significantly increase their market share.

” According to the calculations of the Argentine government, in the event that Telecom adds the telephone assets will concentrate “61% for the mobile phone market, 69% for the fixed telephony” “80% of the residential Internet service in some areas of the country.” Until the analysis of the notified operation is deepened, ”says the statement. Telefónica approved on February 24 the sale of its business in Argentina for 1,245 million US dollars (approximately 1,189 million euros at the current exchange rate) to Telecom Argentina. It was the first corporate operation that sforms the Spanish giant of telecommunications since in January Marc Murtra assumed the presidency of the company, replacing José María Álvarez-Pallete.The Argentine government warned that it would apply the antimonopoly regulations, because “70% of the telecommunications services would remain in the hands of a single economic group, which would generate a monopoly to decades of state benefits ”. The background is the fight that Milei maintains with the Clarín Group, editor of the Clarín newspaper, the largest circulation in the country, in addition to the 24 -hour TN news signal, Channel 13 of Television and Radio Miter. Even today, Milei keeps a tweet of March 2 that titled “Clarín: the great Argentine scam”. In a long text, he accuses his journalists “to host the government with lies simply because we said that we were going to defend the Argentines of the abuse of the dominant position that the group wants to have in the world of telecommunications.” Milei’s zeal DC. Towards the end of his speech, he said that, after many years of study, he had understood that “monopolies are not bad, unless they are armed by the State.” According to the logic of the ultra -rightist, the state control bodies would not have anything to say about a purchase and sale operation of private companies. From Telecom Argentina they assured at the time of purchase that the Adquision of Telefónica does not imply the formation of a monopoly because “they are companies that have complementarity in services and geography”. “These consolidations are being given in telecommunications companies around the world. Telefónica had made the decision to retire years ago and that led to a non -investment system,” the company’s external communications director, Pedro López Matheu, told El País. “There is the opportunity for a group of national capital to consolidate their investments in Argentina,” he added. Latin (Tagstotranslate) Argentina

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