98% of the ENTel network infrastructure had been replaced. In 2005, the Bank of New York was appointed as trustee, registrar and paying and transfer agent for Telecom Argentina's $1.5 billion debt restructuring, the biggest Argentine debt restructuring to date. The restructure involved the exchange of $2.8 billion in outstanding debt for newly issued exchange notes and cash, and involved consent requests and instructions for over 1100 creditors. In 2017, Telecom merged with Clarín Group's Cablevisión so the new company became the largest mass media enterprise of Argentina. The merger was approved by the Government of Argentina in June 2018. After that operation, the group entered into the internet access and mobile telephony business. Personal "Telecom Personal", owned by Telecom Argentina, is one of only 3 mobile phone companies in Argentina. Personal used a similar logo to Telecom itself until November 2011, when they switched into a new handwritten logo combined with nine brand colors. Telecom Personal owns 67.5% of Paraguayan mobile provider Núcleo S.A., which started in 1998 and also does business under the brand name Personal. Telecom Argentina has agreed with Uruguayan state telcom ANTEL to operate as a reseller of Antel services in that country. Mexican mobile phone Claro has asked the national telecommunications regulating entity not to allow Personal to arrive to Uruguay. Ownership As of 2019, current approximate ownership of Telecom Argentina is: 31.53% Fintech Telecom LLC 18.75% Cablevisión Holding S.A. (CVH) 20.06% VLG S.A.U. 29.65% publicly traded 0.01% Class C shares Criticism Critics of Telecom argue that, when it received government subsidies to provide service in remote areas, it either didn't provide the service, or just installed public telephones. Critics also point to the high prices charged by the company, and to the fact that, unlike much of the world, Argentine customers have to pay per minute, rather than a fixed price. In contrast, defendants of the system point out that the 011 area code (called AMBA, most of Gran Buenos Aires) provides local phone access to five to six million users (15-16% of the total population of the country), making a flat-rate type of service economically impossible. Due to the lack of long requested flat telephone rates for local calls, especially to connect to Internet, a lot of users installed ADSL services from Arnet, Telecom's Internet service provider. The company was heavily criticised when it decided to limit ADSL users to 4 GB