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Clarin buys 49% stake in Nextel Argentina for USD 178 mln

2015-09-15 08:54:00| Telecompaper Headlines

(Telecompaper) Argentinian media conglomerate Clarin has reached a deal with NII Holdings to acquire a 49 percent stake in Nextel Argentina, with an option to acquire the remaining 51 percent pending regulatory approvals. Clarin said the total amount paid for the stake in Argentina's fourth largest mobile operator was USD 178 million, of which USD 159 million was paid up front, with the remaining amount due within 30 days. NII said the net proceeds received from the transaction will be used to provide additional liquidity to support its operations in Brazil.

Tags: argentina usd buys stake

Telecom Argentina to invest ARS 18 bln in mobile network

2015-09-14 15:12:00| Telecompaper Headlines

(Telecompaper) Telecom Argentina has announced plans to completely overhaul its mobile network in an ARS 18 billion (USD 2 billion) investment over the 2015-17 period, starting with ARS 5.5 billion this year alone. After securing spectrum in the 850 MHz and 1900 MHz bands, Telecom Argentina will increase the capacity of its 2G and 3G network by 50 percent over the next two years. In addition, with a view to meeting traffic demand and helping to manage the migration to 4G, the company intends to boost its IP backbone network capacity by ten times. Telecom Argentina's mobile unit Personal currently has 4G services in 22 cities in 16 provinces and the operator plans to increase the number of base stations in the greater Buenos Aires metropolitan area by 50 percent between 2015 and 2016.

Tags: network mobile argentina telecom

Gazprom signs agreement with YPF to develop hydrocarbon projects in Argentina

2015-09-07 01:00:00| Hydrocarbons Technology

Energy giants Gazprom from Russia and YPF from Argentina have signed an agreement under which the firms intend to co-operate for hydrocarbon exploration and production in Argentina.

Tags: agreement develop projects argentina

Consumer and Market Insights: Hot Drinks Market in Argentina - New Market Report

2015-09-05 08:51:21| Beverages - Topix.net

Recently published research from Canadean, "Consumer and Market Insights: Hot Drinks Market in Argentina", is now available at Fast Market Research The Consumer and Market Insights: Hot Drinks Market in Argentina report published by Canadean provides in-depth information on value and volume data by category and distribution channel. Leading brands, the most opportunistic foodservice channels, and packaging material and container consumption are also covered.

Tags: new report market hot