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Telecom Argentina gears up to offload fiber assets to push through $1.2bn of Telefónica Movistar unit in country

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Telecom Argentina has proposed that Metrotel, an operator specializing in fiber-optic networks, acquire certain fixed infrastructure assets from Telefónica Móviles Argentina as part of the measures proposed to obtain regulatory approval for the acquisition of Movistar in the country.

Key facts

Summary

The transaction is part of Telecom’s acquisition of Telefónica Móviles Argentina, announced in February 2025 for US$1.245 billion. The proposal now being submitted calls for the transfer of certain network assets to Metrotel, a company backed by Riverwood Capital and Blackstone. The National Commission for the Defense of Competition’s (CNDC) own documentation identifies these markets as part of both companies’ activities. The acquisition of Telefónica Móviles Argentina is one of the largest recent transactions in the Argentine telecommunications sector.

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