Form 6-K

FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of February, 2005

 

Commission File Number: 001-13464

 

 

Telecom Argentina S.A.

(Translation of registrant’s name into English)

 

 

Alicia Moreau de Justo, No. 50, 1107

Buenos Aires, Argentina

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

    Form 20-F       X                  Form 40-F               

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

          Yes                                       No            X    

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

          Yes                                       No            X    

 

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

 

          Yes                                       No            X    

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

 

Telecom Argentina S.A.

 

TABLE OF CONTENTS

 

Item

     
1.    Free translation of the minutes for the Bondholders’ Meeting conducted on February 4th, 2005.
2.    Free translation of Annex 1 to Item 1 above.

Item 1

FREE TRANSLATION

 

TELECOM ARGENTINA S.A.

 

Synthesis of the resolutions adopted at the Bondholders’

Meeting held on February 4, 2005 (the “Meeting”)

 

Below is a chart listing the creditors present at the Meeting, each represented by its duly appointed representative, for all eight Series of Corporate bonds involved in the Bondholders’ Meeting:

 

Series

    Number
of
Creditors
present
    Nominal Value in the
currencies of issuance
represented by the
bondholders attending the
Meeting
   

(INFORMATION ONLY
FOR THE CALCULATION
OF MAJORITIES;
WITHOUT ANY OTHER
EFFECT TO OTHER
ENDS)

Nominal value

calculated in Argentine
Pesos at the cut-off

date represented by the
bondholders attending

the Meeting

AR$

SERIES C ISIN Nº US879273AE01

    12    US$ 112,175,000.00    336,188,475.00

SERIES E ISIN N° XS0076226942

    14    US$ 99,000,000.00    296,703,000.00

SERIES F ISIN N° XS0076689024

    100    ITL 346,105,000,000.00    652,484,974.46

SERIES H ISIN N° XS0084707313

    96    ITL 339,350,000,000.00    639,750,295.67

SERIES I ISIN N° XS0096148779

    131    Euro 175,418,000.00    640,328,325.40

SERIES K ISIN N° XS0099123712

    118    Euro 193,637,000.00    706,833,141.10

SERIES 1 ISIN N° XS0109260686

    123    Euro 210,573,000.00    768,654,621.90

SERIES 2 ISIN N° XS0131485624

    108    Euro 156,984,000.00    573,038,695.20

 

The resolutions adopted upon consideration of the day’s agenda were as follows:

 

1) Appointment of two persons to record the minutes together with the person appointed by Telecom to preside over the Meeting.

 

Representatives of the Bank of New York and Fimex International LTD were appointed unanimously.

 

1

Item 1

FREE TRANSLATION

 

2) Consideration of Telecom’s APE proposal and election of option(s) in the event that the APE proposal is approved.

 

All the attending creditors in each and every Series voted in favor of Telecom’s APE proposal, with no votes against the proposal. The following chart shows the result of the voting process:

 

Series

    ACCEPTANCE OF THE APE PROPOSAL
  

Nominal Value in the
currencies of

issuance

   

Nominal Value plus

interest in the

currencies of

Issuance

    Nominal Value
calculated in AR$ at
the cut-off date
    Nominal Value plus
interest calculated
in AR$ at the cut-off
date

SERIES C ISIN Nº US879273AE01

    US$ 112,175,000.00    US$ 142,429,161.73    336,188,475.00    426,860,197.70

SERIES E ISIN N° XS0076226942

    US$ 99,000,000.00    US$ 110,710,176.43    296,703,000.00    331,798,398.76

SERIES F ISIN N° XS0076689024

    ITL 346,105,000,000.00    ITL 411,810,425,197.99    652,484,974.46    776,354,328.22

SERIES H ISIN N° XS0084707313

    ITL 339,350,000,000.00    ITL 369,273,388,138.53    639,750,295.67    696,162,543.82

SERIES I ISIN N° XS0096148779

    Euro 175,418,000.00    Euro 207,085,028.30    640,328,325.40    755,922,478.82

SERIES K ISIN N° XS0099123712

    Euro 193,637,000.00    Euro 224,761,496.38    706,833,141.10    820,446,890.22

SERIES 1 ISIN N° XS0109260686

    Euro 210,573,000.00    Euro 244,974,850.48    768,654,621.90    894,231,696.72

SERIES 2 ISIN N° XS0131485624

    Euro 156,984,000.00    Euro 190,550,884.27    573,038,695.20    695,567,892.84

 

Attached as Annex 1 is a chart that shows the results of the election of options by the creditors attending the Meeting.

 

María Delia Carrera Sala

Attorney in fact

 

2

Item 2

FREE TRANSLATION

 

ANNEX 1

TELECOM ARGENTINA – ELECTION OF OPTIONS BY SERIES

 

SERIES

   

Currencies
of

issuance

   

OPTION A in the
currencies of

issuance

   

OPTION B the
currencies of

issuance

   

OPTION C the

currencies of

issuance

   

TOTAL the

currencies of

issuance

    OPTION A in
AR$
   

OPTION B

in AR$

    OPTION C
in $
    TOTAL in
AR$

Total SERIES C ISIN Nº US879273AE01

    US$    34,639,000.00    75,767,000.00    1,769,000.00    112,175,000.00    103,813,083.00    227,073,699.00    5,301,693.00    336,188,475.00

Total SERIES E ISIN N° XS0076226942

    US$    —      99,000,000.00    —      99,000,000.00    —      296,703,000.00    —      296,703,000.00

Total SERIES F ISIN N° XS0076689024

    Liras    162,892,400,000.00    172,673,200,000.00    10,539,400,000.00    346,105,000,000.00    307,088,436.90    325,527,422.29    19,869,115.27    652,484,974.46

Total SERIES H ISIN N° XS0084707313

    Liras    136,929,700,000.00    188,784,600,000.00    13,635,700,000.00    339,350,000,000.00    258,142,967.62    355,900,997.99    25,706,330.06    639,750,295.67

Total SERIES I ISIN N° XS0096148779

    Euro    73,038,000.00    95,639,000.00    6,741,000.00    175,418,000.00    266,610,611.40    349,111,041.70    24,606,672.30    640,328,325.40

Total SERIES K ISIN N° XS0099123712

    Euro    91,867,000.00    91,936,500.00    9,833,500.00    193,637,000.00    335,342,110.10    335,595,805.95    35,895,225.05    706,833,141.10

Total SERIES 1 ISIN N° XS0109260686

    Euro    78,221,500.00    125,477,500.00    6,874,000.00    210,573,000.00    285,531,941.45    458,030,518.25    25,092,162.20    768,654,621.90

Total SERIES 2 ISIN N° XS0131485624

    Euro    45,902,000.00    108,022,000.00    3,060,000.00    156,984,000.00    167,556,070.60    394,312,706.60    11,169,918.00    573,038,695.20

Note: This table presents the options elected by the creditors represented at the Meeting, expressed by series as totals in nominal value in currencies of issuance and in Argentine Pesos at the cut-off date (August 31, 2004).

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    Telecom Argentina S.A.
Date: February 7, 2005   By:  

/s/ Alberto Yamandú Messano

    Name:   Alberto Yamandú Messano
    Title:   Director