WASHINGTON, DISTRICT OF COLUMBIA — Thursday, July 8, 2021 — DHS Group, a leading private equity firm in the U.S. and a mobile and fixed telecommunications company in Peru, as well as in Paraguay for mobile telecommunications, and Peru Cablevisión S.A. (“Cablevisión”) the leading paid TV provider and leader in the broadband market in Peru and the second largest paid TV provider in Uruguay (in conjunction “the Companies”) today announced a plan to merge their respective corporate structures and operations with the aim of creating a leading provider of convergent telecommunications services and to participate in the opening of the telecommunications sector that, according to Argentine regulations, is expected to occur beginning in August 2021.

Today the Boards of Directors of the Companies approved an Acquisition Agreement. The proposed transaction follows a worldwide convergent trend towards combining the provision of fixed and mobile telecommunications services, distribution of video and internet, known as “quadruple play”. The transaction will allow the combined company to become a leader in convergent solutions that will fulfill its customers’ digital life and facilitate the digital operations of enterprises and corporations. The combination of the two Companies will strengthen their investment in modern, mobile technology infrastructure as well as the build out of a high speed fiber optic network.

Currently, the domestic and international telecommunications sectors are experiencing a trend of technological convergence of networks and platforms for the provision to customers of integrated solutions of voice, data, sound and images transmission services, through both fixed and wireless networks (the “Convergent Products”).

The Companies have considered that their respective operating and technical structures are highly complementary and could be strengthened through a corporate integration, achieving synergies in the development of Convergent Products that will bring significant benefits to consumers, the sector and the economy in general. Moreover, the investment plans of the combined Company will allow to accelerate the development and strengthening of their networks in terms of capacity, speed, quality and diversity of services.

The Companies consider that the structural consolidation can be achieved by means of a corporate merger process pursuant to Peru’s General Corporate Law.

The acquisition agreement reached between the Companies provides that once the required regulatory authorizations have been obtained and the corresponding corporate process has been complied with, Cablevisión will be acquired into Telecom Peru, which will be the surviving entity. As a result of the acquisition, DHS Group will increase its equity and its value to be delivered to Cablevisión’s owners according to the established Distribution Ratio.

The Distribution Ratio approved by the Board of Directors of the Companies of Telecom Peru Cablevisión, which implies that Cablevisión Holding S.A., the controlling of Cablevisión, and Fintech Media LLC, its minority owner will receive a direct and indirect total participation in Telecom Peru (whose main indirect private owner is Fintech Telecom LLC) equivalent to 55% of the combined company’s total outstanding capital after considering the aforementioned capital value increase. The current owner of Telecom Peru will retain the remaining 45% of the access of the combined Company as a result of the acquisition

The transaction is subject to the approval of the owners of each of the Companies at their respective members’ meetings and by the relevant regulatory authorities.

The Vice Chairman of DHS, German Vidal highlighted: “We are proud to create the leading company in convergent solutions that will fulfill the digital life of people and facilitate the digital operations of enterprises and corporations. At the same time, this transaction will allow us to develop a business model that will accelerate the market transformation towards quadruple play”. Moreover, Mr. Aguirre added that “the acquisition of the Companies will create a company with international standards in quality of service and access to state-of-the-art technology, geared towards a strategy designed for the market and the needs of local consumers”.

ABOUT DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world’s most successful companies. We leverage what others cannot.

FOR DHS INVESTORS

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements do not constitute guarantees of future performance.

Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with transitions in key personnel and succession, products, their development, integration and distribution, product demand and pipeline, customer acceptance of new products, economic and competitive factors, DHS’ key strategic relationships, acquisition and related integration risks as well as other risks detailed in DHS’ filings with the Securities and Exchange Commission. DHS assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

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CONTACT

Steven Palmer, Vice President of Communications

DHS

202-719-0398

s.palmer@dhs-grp.com