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This deal pitted him "versus the cellular-mobile phone enterprise of Carlos Slim in South The usa's 2nd-greatest financial state" and "expanded Martínez's bets past holdings such as cable belongings and Argentina's sovereign debt as he seeks to get pleasure from rising Internet and online video use on cellular devices."[twelve]
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A The Wall Road Journal post, posted on November ten, 2013, described Martínez's choice to invest in Argentina "an abnormal simply call," provided that "Argentina continues to be a cautionary tale For lots of traders since its 2001 default on $100 billion in sovereign credit card debt" Which its previous two presidents, Néstor Kirchner and Cristina Kirchner, had "consistently absent mano a mano with huge enterprise," nationalizing an oil enterprise and in search of to power the Clarin media team to break up its business.
Called "quite possibly the most influential Mexican on Wall Avenue,"[one] Martínez played An important purpose while in the restructuring of Argentina's sovereign financial debt and explained himself in 2013 as acquiring participated in just about every single restructuring of sovereign debt during the past 25 decades.
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