NEW YORK, Oct. 21, 2016 /PRNewswire/ -- Fintech Telecom, LLC ("Fintech Telecom"), along with its affiliates Fintech Advisory Inc. and David Martínez, announced today the second extension of the expiration of its previously announced all-cash tender offer in the U.S. (the "U.S. Offer") for all outstanding Class B Shares held by U.S. holders and all outstanding American depositary shares ("ADSs") of Telecom Argentina S.A. to 5:00 p.m., New York City time, on November 11, 2016 (the "New Expiration Time"), unless further extended. The U.S. Offer was previously scheduled to expire at 5:00 p.m., New York City time, on October 28, 2016. The deadline for holders to submit tax cost certificates in respect of Argentine capital gains tax withholding to Computershare Trust Company, N.A., the U.S. receiving agent for the U.S. Offer (the "U.S. Receiving Agent"), is 11:59 p.m., New York City time, on November 4, 2016, which is the date that is five business days prior to the New Expiration Time.
Except for the extension of the Expiration Time and the deadline for submission of tax cost certificates described in this press release, all other terms and conditions of the U.S. Offer will remain in full force and effect. The U.S. Receiving Agent has advised Fintech Telecom that, as of 5:00 p.m., New York City time, on October 20, 2016, no Class B Shares and 3,478,908 ADSs have been validly tendered and not validly withdrawn pursuant to the U.S. Offer, which represents approximately 3.73% of the outstanding Class B Shares (including Class B Shares the rights to which are represented by ADSs). Holders who have already tendered their Class B Shares or ADSs do not have to re-tender their securities or take any other action as a result of the extension of the expiration date of the U.S. Offer.