The President has decided to actively intervene in the matter of the sale of Telefónica's Argentine subsidiary to Telecom, expressing his concern about the possible formation of a monopoly in the telecommunications sector. In a statement from the Presidential Office, he emphasized his commitment to preventing the consolidation of a monopoly that would affect competition and the disinflation process in Argentina.
The statement notes that the acquisition could concentrate nearly 70% of telecommunications services under a single economic group, creating a monopoly that would have benefited from state advantages over the years. The President has announced his willingness to investigate whether the Clarín Group is constituting a monopoly, requesting the intervention of ENACOM and CNDC in this case.
Tensions between the government and the Clarín Group have increased with this acquisition, which according to statements from the company's CEO, demonstrates a willingness to continue investing in the country. The operation has fueled differences between the government and the business group, hinting at a developing conflict.
The President has remained firm in his position regarding the sale of Telefónica's subsidiary, even amidst criticism and controversies with some journalists and public figures. The transaction, valued at 1.245 billion dollars, has triggered a public confrontation that highlights the differences of opinion regarding the concentration of economic power in the telecommunications sector.
