Telecom reported that Chamber III of the Federal Civil and Commercial Court granted, with suspensive effect, the operator's appeal against Resolution 63/2025 of the Secretariat of Industry and Commerce. The resolution had ordered Telecom to refrain, for six months or until the Enforcement Authority of Law No. 27,442 on Competition Defense issued a decision, from carrying out any legal, corporate, or commercial act that implies integration or consolidation with Telefónica Móviles Argentina S.A. The appeal was also granted with respect to the note dated 03/27/2025 from the Secretary of Industry and Commerce, which appointed María Teresa Pintos as the monitoring agent of the mentioned resolution.
Additionally, in the court’s decision regarding File No. 6176/2025 “Telecom Argentina SA v. National State Ministry of Economy Secretariat of Industry and Commerce re: appeal against resolution National Commission for the Defense of Competition,” the Secretariat of Industry and Commerce is ordered to refrain from taking any measure that contradicts the suspensive effect with which the appeal was granted.