Telecom Argentina S.A. announces the appointment of new CEO

         Telecom Argentina S.A. announces the appointment of new CEO

PR Newswire

BUENOS AIRES, Argentina, Feb. 27, 2013

BUENOS AIRES, Argentina, Feb. 27, 2013 /PRNewswire/ -- Telecom Argentina
("Telecom") (NYSE: TEO, Buenos Aires: TECO2), one of Argentina's leading
telecommunications companies, announced that:

1. Mr. Franco Bertone, who has served as Chief Executive Officer of Telecom
Argentina since his appointment by the Board of Directors in March 2009 to
date, informed that Telecom Italia S.p.A has requested him to take on other
responsibilities within the Telecom Italia Group.

2. Consequently, the Company's Board of Directors in a meeting held today, has
appointed Mr. Stefano De Angelis as Chief Executive Officer of Telecom
Argentina, replacing Mr. Franco Bertone.

Telecom is the parent company of a leading telecommunications group in
Argentina, where it offers, either itself 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 whose common stock (approximately 78% 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 December 31, 2012, Telecom continued to have 984,380,978 shares
outstanding.

For more information, please contact the Investor Relations Department:

              Solange                               Gustavo
Pedro         Barthe      HoracioNicolas del Campo Tewel Ruth
Insussarry Dennin                                       Fuhrmann
                        (5411) 4968               (5411)
(5411) 4968               6236      4968-3718 (5411) 4968-4448
3743        (5411) 4968                           
              3752

Voice Mail: (5411) 4968 3628
Fax: (5411) 4968 3616
E-mail: relinver@ta.telecom.com.ar

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.

Contacts:
Pedro Insussarry /
Solange Barthe Dennin
(54-11) 4968-3743/3752

SOURCE Telecom Argentina S.A.

Website: http://www.telecom.com.ar
 
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