Tecnocom CEO Sees Sales Growing 10% This Year, Expansion Says

Tecnocom, Telecomunicaciones y Energia SA (TEC) forecasts a more than 10 percent increase in sales in 2012 as business in Latin America grows, Chief Executive Officer Javier Martin told Expansion in an interview.

The Madrid-based telecommunications and computer services company’s debt as of the end of 2011 will be under 40 million euros ($50.9 million) and no decision has yet been made on whether to pay a dividend this year, the newspaper cited Martin as saying.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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