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Movicom Bellsouth defaults on interest payments

BUENOS AIRES, Argentina-Movicom Bellsouth in Argentina suspended payment of interests and capital of its debt, which is around US$ 500 million, and designated BroadSpan Capital as its financial adviser in order to restructure its debt with its creditors. The company’s creditors include banks, technological providers and bond processors.

Two of the four other mobile operators that are in Argentina are also in default (CTI and Personal); Unif

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