April 23, 2014
'Argentina presents incredible long-term growth opportunities,' Fintech chief tells WSJ
“Hedge fund invests in Argentina” is the headline of an article published yesterday on The Wall Street Journal which referred to Fintech Advisory investment group, headed by David Martinez, which plans to buy Telecom Argentina and related assets for $960 million from Telecom Italia, which is selling its Argentine unit to pay down debt.
In an interview to the US financial newspaper, the head of Fintech Advisory, David Martinez, stressed "Argentina presents incredible long-term growth opportunities, in my view the highest in Latin America."
"There is tremendous value in the company. Clearly Argentine values are depressed, but the long-term potential is overwhelming," he added.
"There are obviously some policy limitations that exist in the short term, but that is the short term," he said. "Overcoming that and many other difficulties involves talking to the government and negotiating. These environments are difficult and challenging but that doesn't mean those bottlenecks can't be overcome. I'm quite confident they will."