Unassociated Document


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934


For the month of October 2010

Commission File Number: 001-13464


Telecom Argentina S.A.
(Translation of registrant’s name into English)

Alicia Moreau de Justo, No. 50, 1107
Buenos Aires, Argentina
(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F
X
 
Form 40-F
 


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes
   
No
X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes
   
No
X

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes
   
No
X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

 


 
 

 
 
Telecom Argentina S.A.


TABLE OF CONTENTS

Item
 
1.  
Letter to the Argentine Securities and Exchange Commission dated October 13, 2010 regarding Share Transfer in Sofora Telecomunicaciones S.A., controlling entity of Nortel Inversora S.A.
 
2.  
Letter to Argentine Securities and Exchange Commission informing the amendment of the Shareholders’ Agreement of Sofora Telecomunicaciones S.A.
 
 
 

 
 
 
FOR IMMEDIATE RELEASE
Buenos Aires, October 13, 2010

Argentine Securities and Exchange Commission

Re: Share Transfer in Sofora Telecomunicaciones S.A., controlling entity of Nortel Inversora S.A., in turn controlling entity of Telecom Argentina

Dear Sirs,

I am writing you as Attorney-in-fact of Telecom Argentina S.A. (“Telecom Argentina” or the “Company”) to inform you that today the Company received a notification from its controlling shareholder, Nortel Inversora S.A. (“Nortel”), a corporation under Argentine Law, informing that today a total of 35,176,160 book entry ordinary shares, nominal value P$1 per share, previously owned by WAI Investments I, LLC and which represent 8% of the share capital and voting rights of Sofora Telecomunicaciones, a corporation under Argentine Law and Nortel’s controlling entity, were transferred to Telecom Italia International N.V.; such transfer was duly approved by the relevant authorities.

Sincerely,
 
Maria Carrera Sala
 
Attorney in fact
 
 

 
 
 

 
 
 
FOR IMMEDIATE RELEASE
Buenos Aires, October 13, 2010

Argentine Securities and Exchange Commission

Re: Amendment of the Shareholders’ Agreement of Sofora Telecomunicaciones S.A. (“Sofora”)
 

Dear Sirs,

I am writing you as Responsible for Market Relations of Telecom Argentina S.A. (“Telecom Argentina” or the “Company”) to inform you that today the Company received a notification from its controlling shareholder Nortel Inversora S.A., informing that Sofora has received a communication from its shareholders’ Telecom Italia S.p.A. and Telecom Italia International N.V. (hereinafter the “Telecom Italia Group”) and W de Argentina – Inversiones S.L. (hereinafter the “Werthein Group” and jointly with the Telecom Italia Group, the “Parties”), relating to the abovementioned matter. The notification states that the Parties have agreed to amend the “2010 Amended and Restated Shareholders’ Agreement” entered into on August 5, 2010, providing that during the time Werthein Group holds a participation corresponding to 42% of Sofora Telecomunicaciones S.A.’s (hereinafter “Sofora”) share capital, the Board of Directors of Sofora shall be composed of nine (9) members, of which four (4), together with their alternates, shall be nominated by Werthein Group and five (5), together with their alternates, shall be nominated by  Telecom Italia Group. Two (2) of the members nominated by Telecom Italia Group and one (1) of the members nominated by Werthein Group, as well as their respective alternates, shall qualify as independent directors pursuant to NYSE Rules.
 

Additionally, the functions of the Consejo de Dirección of Telecom Argentina have been extended and shall include the submission to the Consejo de Dirección of (i) the marketing plans of any business unit of Telecom Argentina and Telecom Personal and bids to be presented in “licitaciones públicas”, exceeding Argentinean Pesos $ 5 million, in order to determine that the same do not violate the Argentinean Antitrust law; (ii) quarterly, the commercial offers to customers launched by Telecom Argentina and Telecom Personal during the prior 3-month period, in order to assess if the same comply with the Argentinean Antitrust law; and (iii) the appointment of the officer of Telecom Argentina and Telecom Personal responsible for Marketing and the officer responsible for the “Telefonia Fija” business unit of Telecom Argentina, who shall be persons who, in the preceding 36 (thirty-six) months, did not serve as board member or officer of any company established in Argentina which is directly or indirectly controlled by  Telefónica S.A.

Sincerely,


Pedro Insussarry
Reponsible for Market Relations
Telecom Argentina S.A.


 

 
 

 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 

 
   
Telecom Argentina S.A.
 
       
       
Date:  
October 14, 2010
 
By:  
 /s/ Franco Bertone
 
       
Name:  
Franco Bertone
 
       
Title:
Chief Executive Officer