“The National Government, through the Ministry of Industry and Commerce of the Ministry of Economy, made the decision of dictate a preventive measure that suspends the effects of the purchase of Telefónica by Telecom ”, The president’s office indicated in a statement.
The measure is based on a recommendation from the National Competition Commission, because the merger of both companies “It would significantly increase its market share.”
According to the Executive, the purchase would allow Telecom Argentina to concentrate 61 % of the mobile phone market, 69 % of fixed telephony and in some areas of the country would stay with 80 % of the residential Internet service.
“From the recommendation made by the National Commission for the Defense of Competition, the decision of protect the transparency and free market concurrence through The preventive measure until the analysis of the notified operation is deepened ”, is added in the document.
With this measure, the Milei government claimed to fulfill “with its obligation to guarantee the rights of users and consumersas well as defending competition against all forms of market distortion. ”
– President’s office (@opragentina) March 21, 2025