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  • Compared to Dec. 31, 2011, the net financial indebtedness rose by ???13.2 million due to less cash flows generated by operating activities, including the payment of costs incurred to renew licenses amounting to ???9 million, part of which (???5 million) was paid during July, according to the company. ???During the period we made medium-term investments focused on expanding markets such as the U.S.
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