Publications
Publications
- February 1992 (Revised July 1993)
- HBS Case Collection
Telefonica de Argentina S.A.
Abstract
Deals with the privatization of the Argentine telephone industry. Focuses on the restructuring aspect. Commercial banks owned sovereign debt of Argentina trading at a deep discount to par. The question is whether the banks should exchange their sovereign debt instruments for the common or preferred stock of Telefonica. The purpose is to evaluate a choice between poor securities valued at the point of decision by analyzing how these various securities might look in the future.
Keywords
Financial Instruments; Restructuring; Privatization; Commercial Banking; Telecommunications Industry; Argentina
Citation
Fenster, Steven R. "Telefonica de Argentina S.A." Harvard Business School Case 292-039, February 1992. (Revised July 1993.)