What is Nortel?

Nortel Inversora is a holding company which was organized by a consortium of Argentine and international investors to acquire a controlling interest in the common stock of Telecom Argentina as part of Argentina´s privatization of its fixed-link public telecommunications services and basic telephone services. Nortel owns 54,74 % of the common stock of Telecom Argentina. Nortel´s sole substantial activity is owning such stock and its sole substantial source of cash income is cash dividends and others distributions paid on such stock.