In a statement made earlier this week, Telecom Argentina announced that its CEO, Franco Bertone, will be stepping down as the head of the South American company to take on a new role at its controlling shareholder, Telecom Italia.

Bertone had served as CEO of Telecom Argentina since early 2009, and will be replaced in Argentina by Stefano De Angelis, a fellow Italian who previously worked with TIM Brasil.

Nortel Inversora is the majority owner of Telecom Argentina, owning 54.7% of the company, which conversely, is 78% owned by Sofora Telecommunications, a company that Telecom Italia has a 58% majority stake in. Telecom Italia’s history and influence in the Argentine telecom industry should make for a smooth transition for both Bertone and De Angelis.

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