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General

Telecom Argentina sale still awaiting final approval - CEO

Monday 11 August 2014 | 10:54 CET | News
The sale of Telecom Argentina to US investment fund Fintech is still awaiting for the final approval of Argentina's telecoms ministry SeCom, Telecom Italia CEO Marco Patuano told a conference call with investors. Patuano said that the current deadline calls for the completion of the acquisition before 12 August. "As far as we understand, all the pre-requirement are on their way to be met," Patuano said. "Both us and the buyer are fully determined to proceed as proven by the full payment of the initial USD 109 million tranche," the executive added. Telecom Italia had agreed to sell its entire

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