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General

Financial crisis complicates Telecom Argentina sale - report

Friday 4 July 2014 | 10:49 CET | News
The ongoing financial crisis in Argentina, which may result in a second sovereign debt default in 12 years, could complicate the sale of Telecom Italia's majority stake in Telecom Argentina to investment fund Fintech. Italian business daily Il Sole 24 Ore reports that Telecom Italia chairman Giuseppe Recchi has expressed concerns about the financial situation, fearing that the US-backed Fintech group of Mexican businessman David Martinez may look to renegotiate the acquisition price of USD 960 million and delay the 12 August completion date. In addition, the deal is still pending regulatory

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