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Argentina’s Telecom Megamerger to Create New Stock Market King

  • Mercado Libre, YPF to be surpassed by $11.5 billion entity
  • Billionaire David Martinez to control largest ownership stake
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Billionaire David Martinez may have a tougher time keeping a low profile now that he’s presiding over a merger that will create Argentina’s biggest public company.

Telecom Argentina SA’s combination with Cablevision SA will produce a telecommunications powerhouse with a market value of $11.5 billion, according to brokerage TPCG. The top shareholder of the new company will be Martinez, a native of Monterrey, Mexico, who splits his time between New York and London and rarely grants interviews.