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Bloomberg reported that "Telecom Argentina along with the area unit of fellow Mexican billionaire Trim's America Movil SAB (AMXL) Just about every have about a 3rd from the nation's wireless sector." Noting that "Fintech has investments in Argentina's sovereign debt along with in lots of restructured providers such as a stake from the state's largest cable organization, Cablevisión SA," Bloomberg quoted Martínez as expressing, "We see huge alternatives for growth within the Argentine industry and therefore are committed to a crucial financial commitment application to make the most of These options."[12]
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Martínez has become described as remaining "carefully joined" to your late Argentinian president Néstor Kirchner[1] and as owning been a "Good friend" of Kirchner's. As outlined by a single resource, "Any time the previous president traveled to The us, he built a spot in his timetable" for a meeting with Martínez.
An investigation by Armando.facts documented that Venezuelan officers supplied him to provide bonds in their possession in Trade for participation in point out-owned electric power company Corpolec in December 2018. It goes on to cite that the quantity of Venezuelan debt held by Martinez, which Whilst hard to pinpoint, could be a big amount among $3 billion and $10 billion.
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His "wholesale" purchase of defaulted Argentinian bonds was deemed an act of "loyalty" to Argentina by Kirchner and Some others. During Argentina's worst economic moments, he acquired into "almost all" in the place's substantial corporations, "from Telecom to Transener."[eight]
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