Filing Details

 

	SECURITIES AND EXCHANGE COMMISSION
	Washington, DC 20549
	SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

With a copy to:

 

Andrés de la Cruz, Esq.

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, New York 10006

(212) 225-2208

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. 

 

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

 

 

 

*Calculated over 627,930,005 Class B Shares (as defined below) of the Issuer and 841,666,658 Class D Shares (as defined below) held by the Reporting Person. The 841,666,658 Class D Shares beneficially owned by the Reporting Person represent 39.08% of the total post-Merger capital stock of the Issuer (excluding treasury shares). The Reporting Person does not hold Class B Shares.

 

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*Calculated over 627,930,005 Class B Shares outstanding of the Issuer and 841,666,658 Class D Shares beneficially owned by the Reporting Person. The 841,666,658 Class D Shares beneficially owned by the Reporting Person represent 39.08% of the total post-Merger capital stock of the Issuer (excluding treasury shares). The Reporting Person does not hold Class B Shares.

 

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*Calculated over 627,930,005 Class B Shares outstanding of the Issuer and 434,909,475 Class D Shares beneficially owned by the Reporting Person. The 434,909,475 Class D Shares beneficially owned by the Reporting Person represent 20.19% of the total post-Merger capital stock of the Issuer (excluding treasury shares). The Reporting Person does not hold Class B Shares.

 

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Item 1.  Security and Issuer

 

This Amendment No. 2 (the Second Amendment) amends the Schedule 13D filed with the Securities and Exchange Commission on January 2, 2018, as amended on June 22, 2018 (the Schedule 13D), by the Reporting Persons (as defined in the Schedule 13D), with respect to the Class B shares, Ps. 1.00 par value per share (the Class B Shares) of Telecom Argentina S.A. (the Issuer or Telecom Argentina), a portion of which is represented by American Depositary Shares (ADSs) which are traded on the New York Stock Exchange (the NYSE). The principal executive offices of the Issuer are located at Alicia Moreau de Justo 50, 10th floor, 1107 Buenos Aires, Argentina. This Second Amendment should be read in conjunction with, and is qualified in its entirety by reference to, the Schedule 13D. Except as disclosed in and expressly amended by this Second Amendment, all information set forth in the Schedule 13D is hereby unaffected. All capitalized terms used in this Second Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.

 

Item 4.  Purpose of Transaction

 

The description contained herein supplements Item 4 in the Schedule 13D and should be read in connection therewith:

 

On November 28, 2018, CVH filed a pre-commencement communication under cover of Schedule TO-C, announcing that CVH was served with a decision rendered by the Federal Civil and Commercial Court No. 3 sitting in the City of Buenos Aires granting an injunction ordering the Argentine Securities and Exchange Commission (Comisión Nacional de Valores, or the CNV) to abstain for six months from issuing any decision with respect to the authorization of the mandatory OPA to acquire Class B Shares of Telecom Argentina that CVH formulated and promoted in accordance with Argentine law on June 21, 2018. The injunction substituted a preliminary injunction rendered by the same court on September 20, 2018. The injunction required CVH to post bond prior to the injunction being served and such bond was deemed accepted by the court effective on the date hereof.

 

On July 17, 2018, FTL filed a pre-commencement communication under cover of Schedule TO-C whereby it notified that it would no longer jointly participate with CVH as a co-offeror in any U.S. offer to purchase for cash of any outstanding Class B Shares or ADSs (each ADS representing rights to five Class B Shares) held by U.S. persons and terminated any possible participation in such tender offer as of such date.  Notwithstanding the termination of FTLs possible participation in the tender offer, FTL, pursuant to section 6.7 of the Telecom Shareholders Agreement, has undertaken to pay and acquire 50% of the Class B Shares and ADSs tendered in the tender offer (subject the right of CVH to acquire by itself the first 43,073,760 Shares).

 

Item 7. Material to be Filed as Exhibits

 

Item 7 of the Schedule 13D is hereby amended to add the following exhibits:

 

Exhibit Number		Description
99.8		Joint Filing Agreement, dated as of January 2, 2018, by and among Cablevisión Holding S.A., GC Dominio S.A. and VLG Argentina LLC (incorporated herein by reference to Exhibit 99.7 of the Schedule 13D filed on January 2, 2018).

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: November 28, 2018

 

	CABLEVISIÓN HOLDING S.A.
	By:	/s/ Sebastián Bardengo
	Name:	Sebastián Bardengo
	Title:	Chairman and Chief Executive Officer
	GC Dominio S.A.
	By:	/s/ Héctor Horacio Magnetto
	Name:	Héctor Horacio Magnetto
	Title:	Chairman
	CABLEVISIÓN HOLDING S.A., as managing member of VLG Argentina LLC.
	By:	/s/ Sebastián Bardengo
	Name:     Sebastián Bardengo
	Title:       Chairman and Chief Executive Officer of Cablevisión Holding S.A., the managing member of VLG Argentina, LLC

 

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