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ARS1

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AcronymDefinition
ARS1Autonomously Replicating Sequence 1


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With expected stable to slightly positive EBITDA growth for the next few years despite slight EBITDA margin reductions, FFO should be above ARS1,500 million and even with annual capital expenditures of over ARS700 million from 2008, Fitch expects free cash flow to be above ARS600 million over the next few years, which is sufficient to pay all its maturities.
Fitch expects that on a consolidated basis, TEO should continue generating free cash flow (FCF) (cash from operations minus capex) in excess of ARS1 billion per year, which should be used to continue paying debt.
5% surge in Q107 combined domestic sales and exports, racking up a combined ARS1.
 
 
 
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