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This offer pitted him "versus the mobile-telephone enterprise of Carlos Slim in South The us's next-most important financial system" and "expanded Martínez's bets over and above holdings such as cable belongings and Argentina's sovereign credit card debt as he seeks to gain from escalating Website and video clip use on mobile equipment."[12]
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A The Wall Road Journal write-up, published on November ten, 2013, explained Martínez's institutional financial solutions final decision to invest in Argentina "an unconventional contact," given that "Argentina has been a cautionary tale For numerous traders because its 2001 default on $100 billion in sovereign credit card debt" and that its past two presidents, Néstor Kirchner and Cristina Kirchner, had "consistently long gone mano a mano with big business enterprise," nationalizing an oil company and trying to get to drive the Clarin media team to break up its enterprise.
Described as "the most influential Mexican on Wall Road,"[one] Martínez played A serious function within the restructuring of Argentina's sovereign credit card debt and described himself in 2013 as acquiring participated in almost each restructuring of sovereign debt in the course of the earlier twenty five many years.
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