ADVFN - Advanced Financial Network.
HOME» NYSE » Y » YPF Stock Price » YPF Stock News

Y P F Sociedade Anon Share News

 Ypf Sa Stock Price
YPF Stock Price
 Ypf Sa Stock Chart
YPF Stock Chart
 Ypf Sa Stock News
YPF Stock News
 Ypf Sa Company Information
YPF Company Information
 Ypf Sa Stock Trades
YPF Stock Trades

Telecom Argentina CEO Downplays Nationalization Fears

By Ken Parks Of DOW JONES NEWSWIRES BUENOS AIRES -(Dow Jones)- Telecom Argentina SA's (TEO, TECO2.BA) chief executive said Friday that he doesn't expect the telecommunications firm will be nationalized like oil company YPF SA (YPF, YPFD.BA). "We are quite happy to operate here. We haven't had any indication [from the government], and honestly don't expect any surprises in that respect," Chief Executive Franco Bertone said during a conference call with analysts. On Thursday, Congress gave President Cristina Kirchner the greenlight to seize a 51% stake in YPF from Spain's Repsol YPF SA (REPYY, REP.MC) just three weeks after she submitted the expropriation bill. Kirchner says the takeover is necessary because Repsol didn't invest enough in YPF to reverse years of declining oil and gas production that have turned Argentina into a net energy importer. Repsol has denied the charges and said it will fight the takeover in the courts. Kirchner's swift nationalization of the country's largest corporation has fueled speculation that other former state-run companies that were privatized in the 1990s might soon return to government hands. Telecom Argentina and rival Telefonica de Argentina, a subsidiary of Spain's Telefonica SA (TEF), were created when state-run phone giant Entel was broken up and privatized. The government is already a major shareholder in more than two dozen local corporations after Kirchner nationalized the private pension system in 2008. Pension agency Anses owns 25% of Telecom Argentina alone. The company's other direct and indirect shareholders include Telecom Italia SpA (TI, TIT.MI), Telefonica, and Argentina's Werthein family. Telecom Argentina's shares traded in New York were recently down 0.6% at $13.92 Friday, giving the company a market capitalization of about $2.7 billion. Asked if management would consider a share buyback program to address the stock's rock bottom valuation, Bertone said no plans are on the table. "We agree with your view on that metric of the company," he added. -By Ken Parks, Dow Jones Newswires; 54-11-4103-6740,

Stock News for Y P F Sociedade Anon (YPF)
11/13/201514:19:21Report of Foreign Issuer (6-k)
11/06/201508:06:16Report of Foreign Issuer (6-k)
11/05/201516:23:26Report of Foreign Issuer (6-k)
11/05/201516:16:28Report of Foreign Issuer (6-k)
11/05/201516:09:32Report of Foreign Issuer (6-k)
10/14/201511:34:17Report of Foreign Issuer (6-k)
09/04/201517:27:29Report of Foreign Issuer (6-k)
09/04/201517:17:00ADR Shares End Lower; Alibaba Trades Actively
09/04/201508:10:00Argentina's YPF, Russia's Gazprom Move Toward Joint Venture
08/20/201506:02:06Report of Foreign Issuer (6-k)
08/18/201514:46:03Report of Foreign Issuer (6-k)
08/13/201515:29:58Report of Foreign Issuer (6-k)
08/06/201514:24:53Report of Foreign Issuer (6-k)
08/06/201508:32:07Report of Foreign Issuer (6-k)
08/05/201516:46:18Report of Foreign Issuer (6-k)
08/05/201516:23:36Report of Foreign Issuer (6-k)
08/04/201509:30:00Major Integrated Oil and Gas Stocks Technical Data -- BP PLC...
06/18/201512:19:00Report of Foreign Issuer (6-k)
06/17/201515:24:20Report of Foreign Issuer (6-k)
06/15/201517:23:15Report of Foreign Issuer (6-k)

Y P F Sociedade Anon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations