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Telecom Personal receives consent for APE
Pittsburgh, Aug. 17 - Telecom Personal SA said received consents from the required majority of its creditors for a debt restructuring under an acuerdo preventivo extrajudicial.
The solicitation of consents to the APE began Aug. 13.
Telecom Personal announced that it will accept consents during an additional period, which will end Aug. 20.
When the agent has processed all the submissions and made the calculations to determine the adjusted principal amount, the U.S. dollar equivalent and the purchase price under the modified dutch auction, Telecom Personal will inform its creditors of the amount of pending debt that it will assign under options A, B and C.
Telecom Personal is a Buenos Aires telecommunications company.
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