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This offer pitted him "in opposition to the cellular-cell phone business of Carlos Slim in South The united states's 2nd-most important financial system" and "expanded Martínez's bets outside of holdings which include cable property and Argentina's sovereign credit card debt as he seeks to get pleasure from escalating World wide web and movie use on mobile products."[twelve]
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1Securities and also other non-deposit institutional financial solutions investment merchandise are not insured with the FDIC; are not deposits or other obligations of, or assured by, Comerica Financial institution or any of its affiliate marketers; and they are topic to financial commitment risks, which includes probable lack of the principal invested. Past overall performance is just not indicative of upcoming results.
An investigation by Armando.facts claimed that Venezuelan officers presented him to deliver bonds in their possession in Trade for participation in point out-owned electric power firm Corpolec in December 2018. It goes on to cite that the quantity of Venezuelan financial debt held by Martinez, which Even though difficult to pinpoint, could well be a big volume amongst $3 billion and $ten billion.
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