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General

Fintech submits bid for Telecom Argentina shares

Wednesday 24 February 2016 | 08:38 CET | News
US-backed investment fund Fintech has confirmed in a statement that it has submitted a bid for the Class B shares of Telecom Argentina listed on the Buenos Aires stock exchange. The fund of Mexican businessman David Martinez offered ARS 46 per share for the stocks, suggesting the country's new telecommunications regulator Enacom will shortly proceed to approve Fintech's acquisition of Telecom Argentina holding company Sofora after the now defunct regulator AFTIC blocked the transaction last October.

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