Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  BOLSA DE COMERCIO DE BUENOS AIRES  >  Telecom Argentina SA    TEC2   ARP9028N1016

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Telecom Argentina CEO Downplays Nationalization Fears

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/04/2012 | 06:33pm CET
   By Ken Parks 
   Of  
 

Telecom Argentina SA's (TEO, TECO2.BA) chief executive said Friday that he doesn't expect the telecommunications firm will be nationalized like oil company YPF SA (YPF, YPFD.BA).

"We are quite happy to operate here. We haven't had any indication [from the government], and honestly don't expect any surprises in that respect," Chief Executive Franco Bertone said during a conference call with analysts.

On Thursday, Congress gave President Cristina Kirchner the greenlight to seize a 51% stake in YPF from Spain's Repsol YPF SA (REPYY, REP.MC) just three weeks after she submitted the expropriation bill.

Kirchner says the takeover is necessary because Repsol didn't invest enough in YPF to reverse years of declining oil and gas production that have turned Argentina into a net energy importer. Repsol has denied the charges and said it will fight the takeover in the courts.

Kirchner's swift nationalization of the country's largest corporation has fueled speculation that other former state-run companies that were privatized in the 1990s might soon return to government hands.

Telecom Argentina and rival Telefonica de Argentina, a subsidiary of Spain's Telefonica SA (TEF), were created when state-run phone giant Entel was broken up and privatized.

The government is already a major shareholder in more than two dozen local corporations after Kirchner nationalized the private pension system in 2008.

Pension agency Anses owns 25% of Telecom Argentina alone. The company's other direct and indirect shareholders include Telecom Italia SpA (TI, TIT.MI), Telefonica, and Argentina's Werthein family.

Telecom Argentina's shares traded in New York were recently down 0.6% at $13.92 Friday, giving the company a market capitalization of about $2.7 billion.

Asked if management would consider a share buyback program to address the stock's rock bottom valuation, Bertone said no plans are on the table.

"We agree with your view on that metric of the company," he added.

-By Ken Parks, Dow Jones Newswires; 54-11-4103-6740, ken.parks@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELECOM ARGENTINA SA
2016 TELECOM ARGENTINA : Personal Argentina to Raise USD36.76 Million in Private Plac..
2016 TELECOM ARGENTINA : Personal Argentina to Raise USD3.34 Million in Private Place..
2016 TELECOM ARGENTINA : Mobile behind Telecom Argentinas 35.8% revenue surge
2016 TELECOM ARGENTINA : 9M revenues up 35.8%
2016 TELECOM ARGENTINA : Fintech Telecom and Affiliates Announce Second Extension of ..
2016 TELECOM ARGENTINA SA : ex-dividend day for final dividend
2016 TELECOM ARGENTINA : posts 2Q profit
2016 TELECOM ARGENTINA S.A. : announces consolidated first quarter results for fiscal..
2016 TELECOM ARGENTINA SA : ex-dividend day for annual dividend
2016 Fintech to snap up Telecom Argentina listed shares
More news
Sector news : Integrated Telecommunications Services - NEC
04:37pDJTELIASONERA : Norwegian Antitrust Body Concerned About Telia's Buy of Phonero
02/24DJSINGAPORE TELECOMMUNICATIONS : Correction to SingTel Turn Acquisition Article
02/24DJPROXIMUS : Expects to Offer Stable Dividend for Next 3 Years, Despite Regulatory..
02/23DJSINGAPORE TELECOMMUNICATIONS : SingTel Furthers Ad-Tech Ambitions With Turn Acqu..
02/23 Report recommends Safaricom should be broken up - Business Daily
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
2016 The Low EV/EBIT Strategy, Large Cap Update 2016 YTD
2016 Telecom Argentina S.A. (TEO) Management on Q3 2016 Results - Earnings Call Tr..
2016 Telecom Argentina reports 9M results
2016 Telecom Argentina - Hidden Details Of The Tender Offer
2016 Argentina sees telecom reform bringing $20B in investment
Advertisement
Financials ( ARS)
Sales 2016 53 248 M
EBIT 2016 6 502 M
Net income 2016 -
Debt 2016 8 519 M
Yield 2016 2,96%
P/E ratio 2016 25,14
P/E ratio 2017 13,78
EV / Sales 2016 0,79x
EV / Sales 2017 0,64x
Capitalization 33 651 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 83,5  ARS
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Elisabetta Ripa Chief Executive Officer & Director-Human Capital
Omar Chafi Félix President
Mariano Marcelo Ibáñez Chairman
Anibal R. Gómez Chief Operating Officer
Adrián Calaza Chief Financial Officer & Procurement Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TELECOM ARGENTINA SA2 175
VERIZON COMMUNICATIONS..-5.21%206 278
NIPPON TELEGRAPH AND T..-2.52%89 400
DEUTSCHE TELEKOM AG0.46%81 075
TELEFONICA SA8.96%51 081
SINGAPORE TELECOMMUNIC..9.34%46 055
More Results