Company:  NORTEL INVESTMENTS INC (NTL)
Form Type:  20-F
Filing Date:  4/30/2012 
CIK:  0000877691 
Address:  ALICIA MOREAU DE JUSTO 50 
City, State, Zip:  BUENOS AIRES,  C1107AAB 
Telephone:  54-11-4968-3631 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$17.80   		Change: 
0.05 (0.28%)  
Trade Time: 
May 24   		Market Cap: 
$523.32M
Description of Business
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  FORM 20-F
    PART I
      ITEM 1. IDENTITY OF DIRECTORS, SENIOR ...
      ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE
      ITEM 3. KEY INFORMATION
      ITEM 4. INFORMATION ON THE COMPANY
      ITEM 4A. UNRESOLVED STAFF COMMENTS
      ITEM 5. OPERATING AND FINANCIAL REVIEW AND ...
        Factors Affecting Results of Operations
        Liquidity and Capital Resources
      ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
      ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY ...
        BENEFICIAL OWNERS
        BENEFICIAL OWNERS
      ITEM 8. FINANCIAL INFORMATION
        Legal Proceedings
      ITEM 9. THE OFFER AND LISTING
      ITEM 10. ADDITIONAL INFORMATION
      ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ...
      ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN ...
    PART II
      ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND ...
      ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF ...
      ITEM 15. CONTROLS AND PROCEDURES
      ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
      ITEM 16B. CODE OF ETHICS
      ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
      ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR ...
      ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ...
      ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
      ITEM 16G. CORPORATE GOVERNANCE
      ITEM 16H. MINE SAFETY DISCLOSURE
    PART III
      ITEM 17. FINANCIAL STATEMENTS
      ITEM 18. FINANCIAL STATEMENTS
      ITEM 19. EXHIBITS
    SIGNATURE
    EXHIBIT INDEX
    Report of Independent Registered Public Accounting Firm
    CASH FLOW
    INCOME STATEMENT
    CASH FLOW
    CASH FLOW
    CASH FLOW
    BENEFICIAL OWNERS
    INCOME STATEMENT
    INCOME STATEMENT
  EXHIBIT 12.1
  EXHIBIT 13.(A)
  EXHIBIT 15.(B)
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