Telecom’s debt offer accepted...

15 Jun 2004

Telecom Argentina’s offer to restructure USD2.4 billion of debts has been accepted by creditors Task Force Argentina (TFA) and Ad Hoc Creditor Committee, which together represent around 48% of the company’s total debt. Telecom needs to gain approval of additional creditors, to take the total to 66.6%, before it can start the restructuring process.