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General

Fintech to appeal Telecom Argentina decision - report

Monday 16 November 2015 | 10:56 CET | News
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US-backed investment fund Fintech is set to lodge an appeal against the decision by Argentina's federal telecommunications regulator AFTIC to block its acquisition of a controlling stake in Telecom Argentina, reports local daily El Cronista. The news comes after AFTIC ruled that Fintech didn't have the necessary qualifications to operate a telecommunications company in the country. However, according to the report, Fintech will cite technical grounds to refute AFTIC's initial allegations, arguing that it has the means to complete deal with Telecom Italia to buy its 68 percent controlling

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