NYSE, NTL - Nortel Inversora Sa ADR
Nortel Inversora S.A. was organized by a consortium of Argentine and
international investors to acquire a controlling interest in the common stock of
Telecom as the first step in Argentina?s privatization of its fixed-link public
telecommunications services and basic telephone services. See ?Item 7?Major
Shareholders and Related Party Transactions?. As of December 31, 2006, Nortel
owned approximately 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 paid on such stock. (See ?Item 10?Additional
Information?Nortel?s Capital Stock?).
Nortel is a stock corporation (sociedad an?nima) organized under the laws of
Argentina on October 31, 1990. The duration of Nortel is 99 years from such date
of organization. ...
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