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General

Telecom Italia sees delay closing Telecom Argentina sale

Tuesday 12 August 2014 | 09:28 CET | News
Telecom Italia has extended the deadline to close its sale of Telecom Argentina to 01 September. The previous deadline for the sale was 12 August. The company said the terms and conditions of the sale are the same as when it was first announced in November 2013. However, the sale to US investment fund Fintech is still awaiting final approval from Argentina's telecoms ministry SeCom. Telecom Italia had agreed to sell its entire stake in Telecom Argentina to Fintech Group for USD 960 million.

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