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

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.


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
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.


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 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 chairman hopeful of closing Argentina deal

Published 16 Oct 2014 09:10 CET | Italy
Telecom Italia is confident that the long-delayed sale of its stake in Telecom Argentina to US-backed investment fund Fintech ...

Telecom Italia net debt "below EUR 25 bln" by year end - CEO

Published 03 Oct 2014 08:47 CET | Italy
Telecom Italia's debt will be under the EUR 25 billion threshold by the end of 2014 once a mandatory convertible bond is ...

Sawiris prepared to renew Telecom Italia interest

Published 30 Sep 2014 15:07 CET | Italy
Egyptian tycoon Naguib Sawiris is prepared to make a renewed attempt to invest in Telecom Italia provided the company retains its ...

Telecom Italia to extend, amend Telecom Argentina deal

Published 29 Sep 2014 08:35 CET | Argentina
Telecom Italia has agreed to a request from US-backed investment fund Fintech to extend the deadline to close the USD 960 million ...

Asati urges Telecom Italia not to sell Argentine unit

Published 26 Sep 2014 23:26 CET | Argentina
Telecom Italia's minority investors association Asati urged the company not to sell its controlling stake in Telecom Argentina, ...

Minister denies knowledge of Trujillo bid for Telecom Italia

Published 26 Sep 2014 09:54 CET | Italy
Following a Bloomberg report that US businessman Sol Trujillo was seeking to raise EUR 7.5 billion to bid for a stake in Telecom ...

Trujillo preparing EUR 7.5 bln Telecom Italia bid - report

Published 25 Sep 2014 14:57 CET | Italy
US businessman Sol Trujillo, former CEO of Australian operator Telstra, is seeking to raise around EUR 7.5 billion to bid for a ...

Telecom Italia delays board meeting on Argentina doubts

Published 25 Sep 2014 09:55 CET | Argentina
Telecom Italia has delayed its board meeting scheduled for 25 September until the following day as doubts persist as to whether ...

Telecom Italia set to block Argentina deal - report

Published 24 Sep 2014 15:19 CET | Argentina
Telecom Italia's proposed sale of its stake in Telecom Argentina to US-backed investment fund Fintech is set to be blocked at the ...

Telecom Italia prepares Latin America back-up plan - report

Published 11 Sep 2014 11:33 CET | Argentina
Telecom Italia is working on a back-up plan involving the creation of a new Latin American unit should the proposed sale of its ...

Telecom Italia may reconsider Telecom Argentina deal - CEO

Published 08 Sep 2014 08:42 CET | Italy
Telecom Italia's CEO, Marco Patuano, has warned that his company may be forced to reconsider its proposed sale of Telecom ...

Telecom Italia confirms Telecom Argentina sale extension

Published 02 Sep 2014 09:11 CET | Argentina
Telecom Italia has issued a statement confirming that the deadline to close its sale of Telecom Argentina has been extended until ...

Telecom Italia to extend Telecom Argentina sale - report

Published 01 Sep 2014 14:34 CET | Argentina
Telecom Italia has once again extended the deadline to close its sale of Telecom Argentina by a further 30 days, according to two ...

Telecom Argentina appoints new CEO

Published 15 Aug 2014 19:46 CET | Argentina
Telecom Argentina has appointed Oscar Cicchetti as the operator's new CEO, El Cronista reports. The recently appointed executive ...

Telecom Italia sees delay closing Telecom Argentina sale

Published 12 Aug 2014 09:28 CET | Argentina
Telecom Italia has extended the deadline to close its sale of Telecom Argentina to 01 September. The previous deadline for the ...

Telecom Argentina sale still awaiting final approval - CEO

Published 11 Aug 2014 10:54 CET | Argentina
The sale of Telecom Argentina to US investment fund Fintech is still awaiting for the final approval of Argentina's telecoms ...

No delay on Telecom Argentina sale - Telecom Italia chairman

Published 11 Jul 2014 11:13 CET | Argentina
The sale of Telecom Argentina to US-backed investment fund Fintech remains on track and will not have to be delayed, according to ...

Financial crisis complicates Telecom Argentina sale - report

Published 04 Jul 2014 10:49 CET | Argentina
The ongoing financial crisis in Argentina, which may result in a second sovereign debt default in 12 years, could complicate the ...

Telecom Argentina's stake sale still awaits approval- report

Published 16 Jun 2014 21:22 CET | Argentina
The sale of Telecom Italia's majority stake in Argentine telecommunications firm Telecom Argentina to investment fund Fintech is ...

Calendar   /   Industry Events

01 Dec 5G Italy
02 Dec FTTH Conference
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
09 Dec Comtech fiscal Q1
09 Dec Zayo fiscal Q3
10 Dec Ciena fiscal Q4
10 Dec Broadcom fiscal Q4
10 Dec Cisco AGM
::: More Calendar Items