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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.

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