Telecom Argentina SA tapped international debt markets following its acquisition of Telefónica SA’s local unit, a deal that has stoked fierce opposition from President Javier Milei’s government. The company sold US$800 million of bonds due in 2033. The cash proceeds will be used to pay some of the US$1.17 billion in loans the company took out to finance the purchase of the Spanish carrier’s Argentina unit.
SOURCE: BUENOS AIRES TIMES