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General

Telecom Italia confirms sale of Sofora stake to Fintech

Thursday 30 October 2014 | 09:54 CET | News
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Telecom Italia has confirmed the sale of a 17 percent stake in Sofora, its Telecom Argentina holding company, to the US-backed investment fund Fintech for USD 215.7 million. The transfer is part of the newly-negotiated terms of Telecom Italia's sale of its entire controlling stake in Telecom Argentina to Fintech for USD 960 million, a deal held back by delays in securing regulatory approval. Last week Telecom Italia said it expected the Argentine telecoms regulator SeCom to give the green light to the deal within the next two and a half years, allowing it to sell its remaining 51 percent

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