<SEC-DOCUMENT>0000903423-16-001266.txt : 20160916
<SEC-HEADER>0000903423-16-001266.hdr.sgml : 20160916
<ACCEPTANCE-DATETIME>20160915194640
ACCESSION NUMBER:		0000903423-16-001266
CONFORMED SUBMISSION TYPE:	SC14D9C
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160916
DATE AS OF CHANGE:		20160915

SUBJECT COMPANY:	

	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:			1231

	FILING VALUES:
		FORM TYPE:		SC14D9C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49901
		FILM NUMBER:		161888078

	BUSINESS ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809

FILED BY:		

	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:			1231

	FILING VALUES:
		FORM TYPE:		SC14D9C

	BUSINESS ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809
</SEC-HEADER>
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<TYPE>SC14D9C
<SEQUENCE>1
<FILENAME>telecom14d_0915.htm
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<FONT STYLE="font-size: 10pt">Washington, D.C. 20549</FONT></P>

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<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-transform: uppercase; text-align: center">Schedule<FONT STYLE="font-weight: normal">
</FONT>14D-9</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Solicitation/Recommendation Statement under</B><BR>
<B>Section 14(d)(4) of the Securities Exchange Act of 1934</B></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 6pt 0; text-transform: uppercase; text-align: center">TELECOM
ARGENTINA S.A.<BR>
<FONT STYLE="font-size: 10pt; font-weight: normal; text-transform: none">(Name of Subject Company)</FONT></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">TELECOM ARGENTINA
S.A.<BR>
<FONT STYLE="font-size: 10pt; font-weight: normal; text-transform: none">(Name of Person(s) Filing Statement)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Class B Common Shares Par value 1 peso (&#8220;Class
B Shares&#8221;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>and American Depositary Shares, each representing
5 Class B Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Class B Shares (ISIN ARP9028N1016)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>American Depositary Shares (879273209)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(CUSIP Number of Class of Securities)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>Pedro Insussarry<BR>
Market Relations Officer<BR>
Tel: + 5411 4968-3743<BR>
Avda.&nbsp;Alicia Moreau de Justo No.&nbsp;50<BR>
Ciudad Autonoma de Buenos Aires - C1107AAB<BR>
Argentina</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><I>with copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Andr&eacute;s de la Cruz, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Emilio Minvielle, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Cleary Gottlieb Steen &amp; Hamilton LLP<BR>
One Liberty Plaza<BR>
New York, NY 10006</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(Name, Address and Telephone Number of
Person Authorized to Receive Notices and<BR>
Communications on Behalf of the Person Filing Statement)</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9746;</TD><TD STYLE="padding-right: 0.25in">Check box if the filing relates solely to preliminary communications made before the commencement
of a tender offer.</TD></TR></TABLE>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">* * *</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LEGAL DISCLAIMER</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
communication relates to preliminary communications made before the commencement of a tender offer. In connection with the tender
offer, Fintech Telecom, LLC (&#8220;FTL&#8221;) filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;)
a Tender Offer Statement on Schedule TO (the &#8220;Tender Offer Statement&#8221;)</FONT> <FONT STYLE="font-size: 10pt">on September
15, 2016, and Telecom Argentina S.A (&#8220;TEO&#8221;) will file a Solicitation/Recommendation Statement on Schedule 14D-9 (the
&#8220;Solicitation/Recommendation Statement&#8221;). Investors and security holders are urged to carefully read the Tender Offer
Statement and its exhibits and the other related tender offer materials and the Solicitation/Recommendation Statement, when they
are available and as they may be amended from time to time, before any decision is made with respect to the offer because they
will contain important information. U.S. Holders of TEO may obtain a free copy of the Tender Offer Statement and its exhibits and
the other related documents (when available) filed by FTL and the Solicitation/Recommendation Statement and other related documents
(when available) filed by TEO, in each case, with the SEC at the SEC&#8217;s website at www.sec.gov.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Schedule 14D-9
incorporates by reference the two Form 6-Ks submitted to the SEC by TEO on September 15, 2016, which relate to the tender offer
described in the preceding paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>This report may
contain forward-looking statements. These statements are statements that are not historical facts, and are based on management&#8217;s
current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The
words &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;estimates&#8221;, &#8220;expects&#8221;, &#8220;plans&#8221; and
similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the
declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations
are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number
of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements
are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating
factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.</B></P>


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