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General

SeCom to approve sale of Telecom Argentina by June - report

Tuesday 21 April 2015 | 10:30 CET | News
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Argentina's telecoms regulator SeCom is set to give the green light to the sale of Telecom Argentina to US-backed investment fund Fintech by June, according to unnamed local sources cited by Il Sole 24 Ore. Telecom Italia agreed to sell its entire controlling stake in Telecom Argentina to Fintech for USD 960 million at the end of 2013 but deal has been held back by the ongoing financial crisis in Argentina as well as delays in securing regulatory approval. The report added that Argentina's antitrust authority is also expected to approve the demerger of Telecom Italia's holding company Telco

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