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Published on 11/7/2008 in the Prospect News Emerging Markets Daily.

Telecom Argentina buys back €15.35 million series A class 2 notes

By Caroline Salls

Pittsburgh, Nov. 7 - Telecom Argentina SA bought back €15.35 million more of its series A class 2 fixed-rate notes due 2014, according to a company news release.

Following the latest buyback, there is €460.66 million face value of the notes outstanding and €189.61 million residual value.

The repurchased notes will be canceled.

Buenos Aires-based Telecom Argentina is the parent company of a telecommunications group in Argentina.


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