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Telecom Personal and Núcleo complete restructuring
Telecom Personal and Núcleo complete restructuring

Telecom Personal and Núcleo complete restructuring

21 January 2005

Argentine wireless communications provider Telecom Personal has successfully restructured its US$599 million financial debt with 24 banks and funds pursuant to its Acuerdo Preventivo Extrajudicial (APE). Concurrently, its Paraguayan subsidiary Núcleo SA has restructured its US$73.2 million of financial debt with a group of international lenders. The latter closed on November 22, and the former on November 30.