Telecom Argentina
 |
|
| Sociedad Anónima | |
| Traded as | : [1] : TEO |
| Industry | Telecommunications |
| Founded | 1990 |
| Headquarters | Buenos Aires, Argentina |
|
Key people
|
Elisabetta Ripa (CEO) Mariano Ibañez (Chairman) |
| Products | Telecommunications services |
| Revenue |
 ARS 40.496.000.000 (2015) |
|
Number of employees
|
16,224 (2015) |
| Website | Telecom Argentina |
Telecom Argentina is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires. Briefly known as Sociedad Licenciataria Norte S.A., it quickly changed its name, and is usually known as simply Telecom within Argentina.
Telecom Argentina's local telephone market, together with Telefónica de Argentina in the southern part of the country, was part of a duopoly until October 8, 1999. Telecom also operates mobile phone service Personal and Internet service provider Arnet.
In 1990, Argentina started to privatize most of its state-owned utilities: power, water, trains, and telecommunications, just to name a few. The monopoly of state-owned phone service ENTel was split into two territories: France Télécom was given the "upper half" of the country, from the middle to the north, and Telefónica was given the southern part. Each company was given an initial 7 year monopoly beginning on November 8, 1990. Initially, other companies were given exclusive licenses for international long distance, as well as cellular phone service. France Télécom later sold its part of the company to the Argentinian Werthein Group.
Its Puerto Madero headquarters were designed by the American architectural studio of Kohn Pedersen Fox, and inaugurated on February 18, 1998.
Both local phone companies turned their systems into profitable operations in just a few years, despite the terrible conditions they inherited from ENTel. In the worst years of ENTel, a line activation would take several years. The telephone wiring layout across the country was undocumented. At privatization in 1990, the wait was still 4 years to get new service and 40 days for repair.
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Wikipedia