0
General

AFTIC rejects sale of Telecom Argentina to Fintech

Friday 16 October 2015 | 08:48 CET | News
The board of Argentina's federal telecommunications regulator AFTIC has unanimously rejected the sale of a controlling stake in Telecom Argentina owned by Telecom Italia to US-backed investment fund Fintech. One of the reasons given by AFTIC for its decision was that Fintech didn't have the necessary qualifications to operate a telecommunications company in the country. "The board considers that (Fintech) is not in a position to operate and take control Telecom Argentina's services and infrastructure. Fintech has demonstrated neither experience nor expertise," said AFTIC in a statement.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Cablevision / Clarin / Nextel Argentina / Telecom Argentina / Telecom Italia
Countries: Argentina / Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telecom Italia closes sale of Telecom Argentina to Fintech

Published 09 Mar 2016 09:13 CET | Argentina
Telecom Italia has announced that its remaining 51 percent stake in Telecom Argentina has been sold to US-backed investment firm ...

Argentina approves Telecom Argentina, Nextel sales - report

Published 04 Mar 2016 08:38 CET | Argentina
Argentina's new telecoms regulator Enacom has approved Telecom Italia's sale of its controlling stake in Telecom Argentina to ...

Bidder preparing USD 1.1 bln bid for Telecom Argentina stake

Published 29 Feb 2016 08:37 CET | Argentina
Argentine businessman Carlos Newbery is preparing to make a bid for Telecom Italia's stake in Telecom Argentina, reports ...

Fintech submits bid for Telecom Argentina shares

Published 24 Feb 2016 08:38 CET | Argentina
US-backed investment fund Fintech has confirmed in a statement that it has submitted a bid for the Class B shares of Telecom ...

TI looking to close Telecom Argentina sale this year - CEO

Published 18 Feb 2016 15:43 CET | Argentina
Telecom Italia is working on completing the sale of its stake in Telecom Argentina this year, reports Reuters, citing the Italian ...

Clarin enters Argentina mobile market with Nextel buy

Published 28 Jan 2016 16:48 CET | Argentina
NII Holdings has confirmed the sale of the remaining 51 percent stake in Nextel Argentina to Cablevision, a subsidiary of media ...

Argentine court rejects suspension of AFSCA-AFTIC merger

Published 11 Jan 2016 10:40 CET | Argentina
A judge in La Plata has rejected the request for suspension of the Argentine government's plans to merge the communications and ...

Miguel de Godoy named head of Argentina's telecoms regulator

Published 08 Jan 2016 11:25 CET | Argentina
Argentina's new government has announced the appointment of Miguel de Godoy as president of the new telecommunications regulator ...

Argentina issues decree to remove AFTIC, AFSCA heads

Published 24 Dec 2015 15:15 CET | Argentina
Oscar Aguad, head of Argentina's newly-created communications ministry, has announced a decree to remove the heads of federal ...

Argentina's new communications ministry targets media law

Published 14 Dec 2015 14:21 CET | Argentina
Oscar Aguad, head of Argentina's newly-created communications ministry, has announced that the government wants to scrap the ...

Telecom Argentina places ARS 500 mln bond

Published 27 Nov 2015 11:30 CET | Argentina
Telecom Argentina has successfully placed ARS 500 million (around USD 52 million) of 18 and 36-month bonds, expandable to ARS 1 ...

Aguad appointed Argentina's new communications minister

Published 27 Nov 2015 11:08 CET | Argentina
Argentina's president-elect Mauricio Macri has appointed Oscar Aguad as the country's new communications minister. Aguad, a ...

Court finds in favour of Clarin in Nextel Argentina case

Published 24 Nov 2015 14:38 CET | Argentina
An Argentine federal court has accepted an injunction brought by media conglomerate Clarin against the decision by ...

Fintech to appeal Telecom Argentina decision - report

Published 16 Nov 2015 10:56 CET | Argentina
US-backed investment fund Fintech is set to lodge an appeal against the decision by Argentina's federal telecommunications ...

Telecom Argentina to invest ARS 30 bln in network by 2017

Published 13 Nov 2015 14:21 CET | Argentina
Telecom Argentina has announced a global investment of ARS 30 billion (USD 3.1 billion) over the 2015-17 period to complete a ...

Argentina regulator blocks Clarin's acquisition of Nextel

Published 30 Sep 2015 10:47 CET | Argentina
Argentina's federal telecommunications regulator AFTIC has declared that media conglomerate Clarin's proposed acquisition of a 49 ...

SeCom to approve sale of Telecom Argentina by June - report

Published 21 Apr 2015 10:30 CET | Argentina
Argentina's telecoms regulator SeCom is set to give the green light to the sale of Telecom Argentina to US-backed investment fund ...

Telecom Argentina CEO Cicchetti resigns

Published 20 Feb 2015 09:51 CET | Argentina
Telecom Argentina CEO Oscar Cicchetti has resigned and will take on an unspecified post at Telecom Italia, which holds a ...

TI considering Ripa as new Telecom Argentina CEO - report

Published 28 Nov 2014 09:49 CET | Argentina
Telecom Italia is considering the possibility of naming Elisabetta Ripa as the new CEO of Telecom Argentina, according to unnamed ...

Telecom Italia confirms sale of Sofora stake to Fintech

Published 30 Oct 2014 09:54 CET | Argentina
Telecom Italia has confirmed the sale of a 17 percent stake in Sofora, its Telecom Argentina holding company, to the US-backed ...

Telecom Italia sells 17% of Argentina stake

Published 27 Oct 2014 08:54 CET | Argentina
Telecom Italia has agreed to sell only a part of its stake in Telecom Argentina to US-backed investment fund Fintech, with the ...

Telecom Italia sells Telecom Argentina stake for USD 960 mln

Published 14 Nov 2013 09:49 CET | Argentina
Telecom Italia has agreed to sell its entire stake in Telecom Argentina to Fintech Group for USD 960 million. The operator ...

Italian regulator reviewing Telecom Italia's plans - report

Published 13 Nov 2013 09:28 CET | Italy
Italian market regulator Consob is carrying out checks on Telecom Italia's asset divestment plans and on the EUR 1.3 billion ...

Telecom Italia to sell Argentine unit and towers

Published 08 Nov 2013 09:30 CET | Argentina
Telecom Italia unveiled plans to sell its Argentine unit as well as other assets including towers in Italy and Brazil, while ...





Calendar   /   Industry Events

27 Oct GSMA Thrive North America
28 Oct Telecoms World Asia 2020
29 Oct Swisscom Q3 2020
29 Oct Hrvatski Telekom Q3 2020
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
29 Oct Alphabet Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Orange Q3 2020
29 Oct Nokia Q3 2020
29 Oct BT fiscal Q2
29 Oct Twitter Q3 2020
29 Oct Altice USA Q3 2020
29 Oct Poly fiscal Q2
29 Oct HKBN FY results
29 Oct Motorola Solutions Q3 2020
29 Oct Amazon Q3
29 Oct Ribbon Communications Q3
29 Oct Dasan Zhone Q3
29 Oct Teleste Q3 2020
29 Oct Apple fiscal Q4
29 Oct Facebook Q3 2020
29 Oct Telesat Q3 2020
29 Oct Tucows Q3 2020
29 Oct Samsung Electronics Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
30 Oct MediaTek Q3
30 Oct KDDI fiscal Q2
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Millicom Q3 2020
30 Oct Proximus Q3 2020
30 Oct Tecnotree Q3 2020
::: More Calendar Items