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Main telecommunication companies in Argentina have had transnational shareholders since the 1990's and have achieved a very high level of concentration and growth due to national state laws. Telefónica Argentina is one of the most important companies that has been favoured by different governments ensuring a great business development and a dominant market position. This paper presents a critical analysis of the public communication policies in Argentina between 1989 and 2021 using Telefónica as case study, under the political economy perspective. [ABSTRACT FROM AUTHOR]