| Business Summary | | Nortel
Inversora
S.A.
is
a
holding
company
organized
by
a
consortium
of
Argentine
and
international
investors
to
acquire
a
controlling
interest
in
the
common
stock
of
Telecom
Argentina
STET-France
Telecom
S.A.
(Telecom)
as
the
first
step
in
Argentina's
privatization
of
its
fixed-link
public
telecommunications
services
and
basic
telephone
services.
As
of
September
30,
1999,
Nortel
owned
59.9946997%
of
the
common
stock
of
Telecom.
Nortel's
sole
substantial
activity
is
owning
such
stock
and
its
sole
substantial
source
of
cash
income
is
cash
dividends
paid
on
such
stock. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nortel
Inversora
S.A.
was
organized
to
invest
in
other
companies,
and
its
sole
substantial
activity
is
owning
60%
of
the
common
stock
of
Telecom
Argentina
STET-France
Telecom
S.A,
and
its
sole
substantial
source
of
cash
income
is
cash
dividends
paid
on
such
stock.
For
the
nine
months
ended
6/30/00,
net
revenues
rose
1%
to
P$2.41
billion.
Net
income
fell
22%
to
P$217
million.
Results
reflect
increased
cellular
telephony
revenue,
offset
by
lower
operating
margins. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Carlo Scarinci | Chairman | Mario Lagrosa | Vice
Chairman | Maria Arevalo | Member
of the Supervisory Committee | Nestor Belgrano | Member
of the Supervisory Committee | Maria Cosentino | Gen.
Mang. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|