Nortel Inversora S.A. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues and other income of ARS 6,073 million against ARS 5,130 million a year ago. Operating income was ARS 1,112 million against ARS 1,030 million a year ago. Net income before income tax expenses was ARS 1,247 million against ARS 1,077 million a year ago. Net income was ARS 810 million against ARS 691 million a year ago.

Nortel Inversora S. A announced that Mr. Enrique Llerena resigned to the position of Director of the company, effective from April 23, 2013. The board has unanimously accepted the resignation of Dr. Llerena from his position as Director of the company.

Nortel Inversora S.A. reported consolidated earnings results for the year ended December 31, 2012. The company reported revenue of ARS 22,117 million, operating income of ARS 3,952 million, net income before tax expense of ARS 4,139 million against revenue of ARS 18,498 million, operating income of ARS 3,833 million, net income before tax expense of ARS 3,833 million a year ago. Net income attributable to the shareholders was ARS 1,413 million against ARS 1,273 million for the same period in the last year. Basic and diluted earnings per share attributable to Nortel were ARS 135.32 against ARS 121.91 for the same period in the last year. Total cash flows provided by operating activities were ARS 5,015 million against ARS 5,328 million for the same period in the last year. Property, plant and equipment acquisitions were ARS 2,465 million against ARS 2,193 million for the same period in the last year.