-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BGw5RAugPsDbx7jc1bQAh/1p8on4Od0Mk3tdDn0CVXNr5ZP2n1DQsGQDjR2c1fs0
 lsARlQ8kxvyjnRsf3bhULA==

<SEC-DOCUMENT>0000000000-06-030441.txt : 20061226
<SEC-HEADER>0000000000-06-030441.hdr.sgml : 20061225
<ACCEPTANCE-DATETIME>20060629171603
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-06-030441
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060629

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELECOM ARGENTINA SA
		CENTRAL INDEX KEY:			0000932470
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		MAIPU 1210
		STREET 2:		PISO 9
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			1006
		BUSINESS PHONE:		5419684000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809
PUBLIC REFERENCE ACCESSION NUMBER:		0001193125-05-135733
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>

      June 29, 2006

Via U.S. Mail and Facsimile

Valerio Cavallo
Chief Financial Officer
Telecom Argentina S.A.
Alicia Moreau de Justo
(C1107AAB) - Buenos Aires
Argentina

	Re:	Telecom Argentina S.A.
		Form 20-F for the Fiscal Year Ended December 31, 2004
		Filed June 29, 2005, Amended June 30, 2005
		Form 6-K, Filed March 14, 2006
		File No. 1-13464

Dear Mr. Cavallo:

      We have limited our review of your Form 20-F for the fiscal
year ended December 31, 2004 to disclosure relating to your
contacts
with a country that has been identified as a state sponsor of
terrorism, and we have the following comments.  Our review with
respect to this issue does not preclude further review by the
Assistant Director group with respect to other issues.  At this
juncture, we are asking you to provide us with supplemental
information, so that we may better understand your disclosure.
Please be as detailed as necessary in your response. After
reviewing
this information, we may raise additional comments.

      Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your
filings.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or on any other
aspect
of our review.  Feel free to call us at the telephone numbers
listed
at the end of this letter.

General

1. We note the disclosure on page 28 of the Form 6-K regarding
services received from Etec S.A., a Cuban state-owned
telecommunications company.  Your Form 20-F for the year ended
December 31, 2004, does not include any information regarding such
services, or any other contacts with Cuba.

Cuba is identified as a state sponsor of terrorism by the U.S.
State
Department, and is subject to asset controls and export controls
administered by the U.S. Treasury Department`s Office of Foreign
Assets Control and the U.S. Commerce Department`s Bureau of
Industry
and Security.  Please describe the nature and extent of your past,
current, and anticipated contacts with Cuba, whether through
direct
or indirect arrangements.   Your response should describe the
material terms of any agreements or commercial arrangements you
have
with Etec S.A.
2. Please discuss the materiality of your contacts with Cuba, in
light of Cuba`s status as a state sponsor of terrorism.  Discuss
also
whether those contacts constitute a material investment risk for
your
security holders.  You should address materiality in quantitative
terms, including the dollar amounts of any associated revenues,
assets, and liabilities.  Please also address materiality in terms
of
qualitative factors that a reasonable investor would deem
important
in making an investment decision, including the potential impact
of
corporate activities upon a company`s reputation and share value.
We note, for example, that Arizona and Louisiana have adopted
legislation requiring their state retirement systems to prepare
reports regarding state pension fund assets invested in, and/or
permitting divestment of state pension fund assets from, companies
that conduct business with countries identified as state sponsors
of
terrorism.  The Pennsylvania legislature has adopted a resolution
directing its Legislative Budget and Finance Committee to report
annually to the General Assembly regarding state funds invested in
companies that have ties to terrorist-sponsoring countries.  The
Missouri Investment Trust has established an equity fund for the
investment of certain state-held monies that screens out stocks of
companies that do business with U.S.-designated state sponsors of
terrorism. Florida requires issuers to disclose in their
prospectuses
any business contacts with Cuba or persons located in Cuba.  Your
materiality analysis should address the potential impact of the
investor sentiment evidenced by such actions directed toward
companies that have business contacts with Cuba.

* * * * *

      Please respond to this comment within 10 business days or
tell
us when you will provide us with a response.  Please file your
response letter on EDGAR.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings to be certain that the
filings include all information required under the Exchange Act of
1934 and that they have provided all information investors require
for an informed investment decision.  Since the company and its
management are in possession of all facts relating to the
company`s
disclosure, they are responsible for the accuracy and adequacy of
the
disclosures they have made.

      In connection with responding to our comment, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filings; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filings or
in
response to our comments on your filings.

      Please understand that we may have additional comments after
we
review your response to our comment.  Please contact Pradip
Bhaumik,
Attorney-Advisor, at (202) 551-3333 if you have any questions
about
the comments or our review.  You may also contact me at (202) 551-
3470.

								Sincerely,



								Cecilia D. Blye, Chief
								Office of Global Security
Risk


cc: 	Larry Spirgel
		Assistant Director
		Division of Corporation Finance

		Robert Littlepage
		Accounting Branch Chief
		Division of Corporation Finance

	Julia Cowles
	Davis Polk & Wardwell
      Fax: (650) 752-3607

Valerio Cavallo
Telecom Argentina S.A.
June 29, 2006
Page 1


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
