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General

Fintech asks Telecom Italia for extension to Argentina deal

Friday 26 September 2014 | 08:22 CET | News
Telecom Italia has confirmed that US-backed investment fund Fintech has asked for a further extension to the agreement reached back in November to acquire the Italian operator's controlling stake in Telecom Argentina. The extension proposal will be discussed at a 25 September board meeting, said Telecom Italia, which had previously given indications that it would block the USD 960 million deal due to a series of complications, above all delays in securing regulatory approval from Argentine authorities. Although no details were provided about Fintech's latest proposal, Italian daily La

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Categories: General
Countries: Argentina / Italy
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