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General

Fintech to launch bid for rest of Telecom Argentina shares

Tuesday 29 March 2016 | 10:23 CET | News
The Fintech investment firm of Mexican financier David Martinez will launch a public bid to acquire 45 percent of the listed shares of Telecom Argentina at a price of ARS 46 per share, reports Terra.com, citing a Telecom Argentina statement to the stock market. The offer will result in the operator delisting from the Buenos Aires Stock Exchange, said the report. Fintech completed its acquisition of Telecom Italia's remaining 51 percent stake in Telecom Argentina for USD 550.6 million earlier this month after the country's new telecoms regulator Enacom finally approved the transaction.

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