New plot twist in the future of Parlem Telecom. One month after the non-integration with Avatel, a series of debts amounting to 16.6 million euros loom over the Catalan telecom operator. Specifically, as read from the annual results provided by the company to the BME Growth, various credits made by Inveready – investor fund owner of Avatel and shareholder of Parlem – and its main holder, Josep Maria Echarri, have moved to short-term maturity after various financial ratios established in the financing contracts (covenants) were breached during the previous fiscal year. “There is a short-term liquidity risk,” acknowledges the auditor in the annual accounts presented this Thursday.

The Argentine government has announced that it will investigate the sale of Telefónica's subsidiary in the country to the telecommunications group Telecom to avoid, it says, the creation of a monopoly. Telecom Argentina SA is one of the two main local telephone companies, the one that operates in the northern half of the country. The other half is dominated by the Spanish company Telefónica, which on Monday announced the sale of its business for 1.245 billion dollars (about 1.19 billion euros) to Telecom. The Spanish multinational's statement specifies that this operation is part of a strategy initiated in 2019 "to gradually reduce exposure to Latin America," where it operates in different countries, including Chile, Peru, Mexico and Colombia.