Linklaters Advises Initial Purchasers on Telecom Argentina S.A.’s $600 Million Bond Issuance

Linklaters advised the Initial Purchasers in connection with Telecom’s 144A/Regulation S cross-border offering of $600 million 8.500% senior notes due 2036. The offering was launched on January 12, 2026, priced on January 14, 2026, and closed on January 20, 2026. The notes are expected to be listed on the Bolsa y Mercados Argentinos S.A. and the Luxembourg Stock Exchange, and admitted for trading on A3 Mercados S.A.

Telecom has been at the forefront of the telecommunications industry in Argentina, Paraguay, and Uruguay, offering fixed-line telephony, mobile communications, optical fiber, cable television, and broadband services.

The Linklaters deal team was led by Partners Matthew Poulter and Emilio Minvielle, supported by Associate Thomas Tiphaine Koffman, Foreign Attorney Francisco Algorta, and Paralegal André Benicio. Additional Tax assistance for the deal was provided by Partner Gabriel Grossman.

Linklaters’ lawyers have practiced in Latin America for decades and the firm was one of the first international firms to open an office in Brazil in 1997. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo offices, the firm continues to increase its presence in the Latin America region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories including Chambers, Legal 500, and Latin Lawyer.