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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Argentina / Telecom Italia
Countries: Argentina
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Telecom Italia sells 17% of Argentina stake

Published 27 Oct 2014 08:54 CET | Argentina
Telecom Italia has agreed to sell only a part of its stake in Telecom Argentina to US-backed investment fund Fintech, with the ...

Asati urges Telecom Italia not to sell Argentine unit

Published 26 Sep 2014 23:26 CET | Argentina
Telecom Italia's minority investors association Asati urged the company not to sell its controlling stake in Telecom Argentina, ...

Fintech asks Telecom Italia for extension to Argentina deal

Published 26 Sep 2014 08:22 CET | Argentina
Telecom Italia has confirmed that US-backed investment fund Fintech has asked for a further extension to the agreement reached ...

Telecom Italia delays board meeting on Argentina doubts

Published 25 Sep 2014 09:55 CET | Argentina
Telecom Italia has delayed its board meeting scheduled for 25 September until the following day as doubts persist as to whether ...

Telecom Italia set to block Argentina deal - report

Published 24 Sep 2014 15:19 CET | Argentina
Telecom Italia's proposed sale of its stake in Telecom Argentina to US-backed investment fund Fintech is set to be blocked at the ...

Telecom Italia prepares Latin America back-up plan - report

Published 11 Sep 2014 11:33 CET | Argentina
Telecom Italia is working on a back-up plan involving the creation of a new Latin American unit should the proposed sale of its ...

Telecom Italia may reconsider Telecom Argentina deal - CEO

Published 08 Sep 2014 08:42 CET | Italy
Telecom Italia's CEO, Marco Patuano, has warned that his company may be forced to reconsider its proposed sale of Telecom ...

Telecom Italia confirms Telecom Argentina sale extension

Published 02 Sep 2014 09:11 CET | Argentina
Telecom Italia has issued a statement confirming that the deadline to close its sale of Telecom Argentina has been extended until ...

Telecom Italia to extend Telecom Argentina sale - report

Published 01 Sep 2014 14:34 CET | Argentina
Telecom Italia has once again extended the deadline to close its sale of Telecom Argentina by a further 30 days, according to two ...

Telecom Argentina appoints new CEO

Published 15 Aug 2014 19:46 CET | Argentina
Telecom Argentina has appointed Oscar Cicchetti as the operator's new CEO, El Cronista reports. The recently appointed executive ...

Telecom Italia sees delay closing Telecom Argentina sale

Published 12 Aug 2014 09:28 CET | Argentina
Telecom Italia has extended the deadline to close its sale of Telecom Argentina to 01 September. The previous deadline for the ...

Telecom to participate in 3G, 4G spectrum auctions- CEO

Published 01 Aug 2014 14:15 CET | Argentina
Telecom Argentina expects to participate in a tender in which the local government plans to award 3G and 4 spectrum, company CEO ...

No delay on Telecom Argentina sale - Telecom Italia chairman

Published 11 Jul 2014 11:13 CET | Argentina
The sale of Telecom Argentina to US-backed investment fund Fintech remains on track and will not have to be delayed, according to ...

Financial crisis complicates Telecom Argentina sale - report

Published 04 Jul 2014 10:49 CET | Argentina
The ongoing financial crisis in Argentina, which may result in a second sovereign debt default in 12 years, could complicate the ...

Telecom Argentina's stake sale still awaits approval- report

Published 16 Jun 2014 21:22 CET | Argentina
The sale of Telecom Italia's majority stake in Argentine telecommunications firm Telecom Argentina to investment fund Fintech is ...