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General

Telecom Italia delays board meeting on Argentina doubts

Thursday 25 September 2014 | 09:55 CET | News
Telecom Italia has delayed its board meeting scheduled for 25 September until the following day as doubts persist as to whether the proposed sale of Telecom Argentina to US-backed investment fund Fintech will finally complete. A number of factors have complicated the deal, above all the ongoing financial crisis in Argentina and the delays in securing regulatory approval from local authorities. Argentina's competition watchdog told Reuters that it has not yet decided whether to approve the transaction, simply confirming that "the process is moving normally, but there is no news so far."

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