Telecom Argentina S.A. Announces the Filing of its Form 20-F with the Securities...

Telecom Argentina S.A. Announces the Filing of its Form 20-F with the
Securities and Exchange Commission

BUENOS AIRES, Argentina, June 26 /PRNewswire-FirstCall/ -- Telecom
Argentina (NYSE: TEO; BASE: TECO2), ("Telecom Argentina" or the "Company") one
of the leading telecommunications groups in Argentina, announced today that,
it has submitted to the SEC its Annual Report on Form 20-F with the
corresponding complete audited financial statements as of December 31, 2008.
Telecom Argentina's Form 20-F and the corresponding audited financial
statements as of December 31, 2008 can be accessed and downloaded from the
English version of the "Inversores" section of the Company's website located
at www.telecom.com.ar. In addition, such documentation can be found at the SEC
webpage (www.sec.gov) in the Section "Search for Company Filings / Companies &
Other Filers", under the CIK code No. 0000932470.
Finally, upon request shareholders have the ability to receive free of
charge hard copies of the Form 20-F and the complete audited financial
statements as of December 31, 2008 as filed with the SEC. Any such request
and/or any questions related to the Company's Form 20-F and the financial
statements should be made to the following persons:
Pedro Insussarry
54-11-4968-3743

Solange Barthe Dennin
54-11-4968-3752

Evangelina Sanchez
54-11-4968-3718

Ruth Fuhrmann
54-11-4968-4448

Horacio Nicolas del Campo
54-11-4968-6236

Voice mail: 54-11-4968-3628
Fax: 54-11-4313-5842
E-mail: relinver@ta.telecom.com.ar

Telecom is the parent company of a leading telecommunications group in
Argentina, where it offers directly or through its controlled subsidiaries
local and long distance fixed-line telephony, cellular, data transmission and
Internet services, among other services. Additionally, through a controlled
subsidiary, the Telecom Group offers cellular services in Paraguay. The
Company commenced operations on November 8, 1990, upon the Argentine
Government's transfer of the telecommunications system in the northern region
of Argentina.
Nortel Inversora S.A. ("Nortel"), which acquired the majority of the
Company from the Argentine government, holds 54.74% of Telecom's common stock.
Nortel is a holding company where the common stock (approximately 68% of
capital stock) is owned by Sofora Telecomunicaciones S.A. Additionally, Nortel
capital stock is comprised of preferred shares that are held by minority
shareholders. As of March 31, 2009, Telecom had 984,380,978 shares
outstanding.

For information about Telecom Group services, visit:
www.telecom.com.ar
www.personal.com.ar
www.personal.com.py
www.arnet.com.ar

Disclaimer
This document may contain statements that could constitute forward-looking
statements, including, but not limited to, the Company's expectations for its
future performance, revenues, income, earnings per share, capital
expenditures, dividends, liquidity and capital structure; the effects of its
debt restructuring process; the impact of emergency laws enacted by the
Argentine Government; and the impact of rate changes and competition on the
Company's future financial performance. Forward-looking statements may be
identified by words such as "believes," "expects," "anticipates," "projects,"
"intends," "should," "seeks," "estimates," "future" or other similar
expressions. Forward-looking statements involve risks and uncertainties that
could significantly affect the Company's expected results. The risks and
uncertainties include, but are not limited to, the impact of emergency laws
enacted by the Argentine government that have resulted in the repeal of
Argentina's Convertibility law, devaluation of the peso, various changes in
restrictions on the ability to exchange pesos into foreign currencies, and
currency transfer policy generally, the "pesification" of tariffs charged for
public services, the elimination of indexes to adjust rates charged for public
services and the Executive branch announcement to renegotiate the terms of the
concessions granted to public service providers, including Telecom. Due to
extensive changes in laws and economic and business conditions in Argentina,
it is difficult to predict the impact of these changes on the Company's
financial condition. Other factors may include, but are not limited to, the
evolution of the economy in Argentina, growing inflationary pressure and
evolution in consumer spending and the outcome of certain legal proceedings.
Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as the date of this document. The Company
undertakes no obligation to release publicly the results of any revisions to
forward-looking statements which may be made to reflect events and
circumstances after the date of this press release, including, without
limitation, changes in the Company's business or to reflect the occurrence of
unanticipated events. Readers are encouraged to consult the Company's Annual
Report on Form 20-F, as well as periodic filings made on Form 6-K, which are
filed with or furnished to the United States Securities and Exchange
Commission for further information concerning risks and uncertainties faced by
Telecom.
SOURCE Telecom Argentina

Pedro Insussarry, +011-54-11-4968-3743, or Solange Barthe Dennin,
+011-54-11-4968-3752, or Evangelina Sanchez, +011-54-11-4968-3718, or Ruth
Fuhrmann, +011-54-11-4968-4448, or Horacio Nicolas del Campo,
+011-54-11-4968-6236, all of Telecom Argentina, voice mail,
+011-54-11-4968-3628, fax, +011-54-11-4313-5842, relinver@ta.telecom.com.ar