www.WirelessFederation.com/news: The remaining 1.8% of Telefonica Argentina (TdA), the Argentine subsidiary of the Spanish telecoms group Telefonica, has been acquired by the company and the TdA’s shares have also been delisted.

The transaction was approved by Comision Nacional de Valores (CNV), Argentine securities regulator, in December 2009, after the Spanish group offered one Argentinean peso a shares or for the roughly 126 million shares of TdA it did not control the previous June.

A month earlier, Telefonica was called over by a minority shareholder at TdA to launch an offer for the remaining shares, highlighting that under Argentine law, companies must make a 100% offer once they control more than 95% of a company’s shares.