NEW YORK, Nov. 25, 2016 /PRNewswire/ -- Fintech Telecom, LLC ("Fintech Telecom"), along with its affiliates Fintech Advisory Inc. and David Martínez (collectively, the "Bidders"), announced today the final results of their 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. ("Telecom Argentina"), which expired at 5:00 p.m., New York City time, on November 23, 2016. Based on the final count by Computershare Inc., the receiving agent for the U.S. Offer ("U.S. Receiving Agent"), 5,549,219 ADSs and 3,695 Class B Shares were validly tendered and not withdrawn. The Bidders have accepted for purchase all ADSs and Class B Shares validly tendered and not withdrawn for a total purchase price of approximately $105 million, net of paid distributions but excluding applicable withholding taxes. Settlement of the U.S. Offer is expected to occur on December 1, 2016. The simultaneous offer by Fintech Telecom in Argentina (the "Argentine Offer" and, together with the U.S. Offer, the "Offers"), in accordance with the tender offer rules of the Republic of Argentina, to purchase all outstanding Class B Shares of Telecom Argentina not owned by Fintech Telecom or its affiliates expired at 1:00 p.m., Buenos Aires time, on November 4, 2016. 12,337,723 Class B Shares, all of which Fintech Telecom accepted for purchase, were validly tendered and not withdrawn in the Argentine Offer. Upon settlement of the U.S. Offer, and as a result of the Offers, the Bidders' direct and indirect beneficial ownership of outstanding Class B Shares (excluding treasury shares and including Class B Shares the rights to which are represented by ADSs) will increase to approximately 20.35%.