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Secretary of Trade imposes Fine on Subsidiary

16th Jan 2023 18:15

RNS Number : 8974M
Cablevision Holding S.A.
16 January 2023
 

 

CABLEVISIÓN HOLDING S.A.

Secretary of Trade imposes Fine on Subsidiary Telecom Argentina S.A.

 

On 13 January 2023, Cablevisión Holding S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's subsidiary Telecom Argentina S.A. ("TECO") had been served notice of the Resolution of the Secretary of Trade No. 2023-8-APN-SC#MEC, dated as of 11 January 2023 (the "Resolution"), whereby the Secretary of Trade imposed a "a single fine" on Arte Radiotelevisivo Argentina S.A. and TECO "of One Hundred Fifty Million Pesos (Ar$ 150,000,000) pursuant to Articles 1 and 3, paragraphs d) and h) of Law No. 27,442 and Article 46 paragraph b) of Law No. 25,156." [Laws on Defence of the Competition].

 

TECO, with the assistance of its legal advisors, is analysing its legal defences with respect to this Resolution.

 

 

 

Enquiries:

 

In Buenos Aires:

Samantha Olivieri

Cablevisión Holding

www.cvh.com.ar

Email: [email protected]

Tel: (+54 11) 4309 - 3417

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