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General

Telecom Italia chairman hopeful of closing Argentina deal

Thursday 16 October 2014 | 09:10 CET | News
Telecom Italia is confident that the long-delayed sale of its stake in Telecom Argentina to US-backed investment fund Fintech will close by 24 October, according to chairman Giuseppe Recchi. "We are making progress with the other party," he said at the sidelines of a Corriere della Sera Foundation event, going on to explain that there are no new board meetings scheduled before that date. The last Telecom Italia board meeting held last month gave the company's management until 24 October to "evaluate and define with Fintech possible amendments to the sale process". The deadline to close the

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