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Argentina’s Telecom Megamerger to Create New Stock Market King

  • Mercado Libre, YPF to be surpassed by $11.5 billion entity
  • Billionaire David Martinez to control largest ownership stake

Billionaire David Martinez may have a tougher time keeping a low profile now that he’s presiding over a merger that will create Argentina’s biggest public company.

Telecom Argentina SA’s combination with Cablevision SA will produce a telecommunications powerhouse with a market value of $11.5 billion, according to brokerage TPCG. The top shareholder of the new company will be Martinez, a native of Monterrey, Mexico, who splits his time between New York and London and rarely grants interviews.

The combined company will be the first in Argentina to be legally permitted to offer packages of wireless, landline, fixed internet and television services to consumers. The deal was a result of President Mauricio Macri’s reform policies and “will...


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