 | ||||
 About AeA
| ||||
|
AeA Member Directory
| ||||
|
Business Services & Savings
| ||||
|
Education & Training
| ||||
|
Events
| ||||
|
Financial Conferences
| ||||
|
Government Affairs
| ||||
|
Gov't & Commercial Markets
| ||||
|
Industry Reports & Surveys
| ||||
|
Insurance Programs
| ||||
| Press Room & Newsletters | ||||
 | ||||
Regional Offices & Councils 
| ||||
 | ||||
| ||||
 | ||||
 |
) indicate exclusive features available to AeA Members.
| Membership Benefits | Join AeA | Get Involved | Policy Priorities | Contact Us | Site Map |  |
|||
|
|||||||||
Nortel Inversora S.A. Announces Consolidated First Quarter Results for the Fiscal Year Ending December 31, 2008
BUENOS AIRES, Argentina, May 9 /PRNewswire-FirstCall/ -- Nortel Inversora S.A. (NYSE: NTL), whose sole substantial activity is owning 54.741682% of the stock of Telecom Argentina S.A. ("Telecom") and whose sole substantial source of cash income is cash dividends and other distributions paid on such stock, today announced consolidated net income of Ps. 148 million for the first quarter of fiscal year 2008.
Nortel's consolidated financial results for the first quarter of fiscal year 2008 are substantially identical to Telecom's results for the same period, after accounting for minority interest and financial income and expenses at the holding-company level.
Summary of the resolutions passed by the General Ordinary Shareholders' Meeting, and the Class A Preferred Stockholders Special Meeting held on April 30, 2008.
On April 30, 2008, Nortel held its General Ordinary Shareholders' Meeting and Class A Preferred Stockholders' Special Meeting. Among other points, the Shareholders' Meetings approved:
SOURCE Nortel Inversora S.A.