iPlan Sells to Telecentro for $260 Million

Cleary Gottlieb represented iPlan and its shareholders in the sale of 100% of the equity interests in IPLAN LLC and NSS S.A. (together, iPlan) to Telecentro S.A. (Telecentro) for a base purchase price of $260 million, subject to customary adjustments.

The equity purchase agreement became effective on August 31, 2026, upon the sellers’ acceptance of Telecentro’s irrevocable offer. The transaction closed on October 8, 2026. The purchase price payment structure included currency conversion mechanisms designed to address Argentina’s foreign exchange regulations, supported by a standby letter of credit, as well as an escrow arrangement.

iPlan has been a leading provider of telecommunications and technology services in Argentina’s main cities for more than 27 years, offering FTTH high-speed internet access, data transportation services through regional and international networks, and hosting and colocation services. Telecentro is an Argentine telecommunications company with more than 35 years of experience and a strong presence in the Buenos Aires metropolitan area, offering cable television, broadband, high-speed internet, and fixed-line telephone services through a fiber optic network that reaches more than 6 million households.

The Cleary M&A team included partner Juan Giráldez and associate Susana Gutiérrez.