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General

Govt approves sale of Telecom Argentina to Fintech

Monday 28 November 2016 | 08:34 CET | News
The Argentinian ministry of trade has finally approved Telecom Italia's sale of its controlling stake in Telecom Argentina to investment firm Fintech for USD 550.6 million some 8 months after receiving the green light from telecom regulator Enacom. The Italian group reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech for USD 960 million and divested an initial 17 percent stake in October 2014.

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