Telmex completes acquisition of Ertach

16 Nov 2006

BNamericas, quoting local paper El Cronista, reports that Mexican telecoms giant Telmex has completed the purchase of Argentine ISP Ertach from investment group SCP. A preliminary deal for USD22.5 million had been signed in August, and due diligence has now been completed. The deal has still to be approved by the regulator SeCom and the judge handling SCP’s debt restructuring. Broadband provider Ertach, previously known as Millicom Argentina, operates the country’s largest WiMAX network, covering 100 municipalities in the province of Buenos Aires.