REG - Cablevision Holding - Secretary of Trade imposes Fine on Subsidiary

Telecom Argentina SAAnnouncement

16/01/2023 19:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230116:nRSP8974Ma&default-theme=true

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: ir@cvh.com

Tel: (+54 11) 4309 - 3417

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRVQLFFXFLFBBX