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This offer pitted him "versus the mobile-cell phone company of Carlos Trim in South The us's second-most significant financial state" and "expanded Martínez's bets past holdings for instance cable belongings and Argentina's sovereign personal debt as he seeks to get pleasure from increasing Website and movie use on mobile equipment."[twelve]
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A The institutional financial solutions Wall Avenue Journal post, posted on November ten, 2013, described Martínez's selection to invest in Argentina "an unconventional call," given that "Argentina continues to be a cautionary tale For several traders since its 2001 default on $100 billion in sovereign debt" and that its past two presidents, Néstor Kirchner and Cristina Kirchner, had "continuously gone mano a mano with huge organization," nationalizing an oil corporation and seeking to pressure the Clarin media team to interrupt up its organization.
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His "wholesale" buy of defaulted Argentinian bonds was deemed an act of "loyalty" to Argentina by Kirchner and Many others. Throughout Argentina's worst economic situations, he acquired into "Nearly all" in the place's significant firms, "from Telecom to Transener."[8]
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