During the lead-up to the global economic downturn of 2001, Telecom Argentina, like many other companies during that time, became embroiled in financial turmoil.

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Among the largest underlying components of DGS, in trading today Barclays Bank Plc ( AMEX: INP) is off about 0.8%, IRSA Inversiones y Representaciones S.A. ( NYSE: IRS) is off about 1.3%, and Telecom Argentina SA ( NYSE: TEO) is lower by about 1.1%.

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Argentina's two main phone firms are owned by Spain's Telefonica and an alliance of Telecom Italia and France Telecom.

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