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General

Telecom Italia sells 17% of Argentina stake

Monday 27 October 2014 | 08:54 CET | News
Telecom Italia has agreed to sell only a part of its stake in Telecom Argentina to US-backed investment fund Fintech, with the rest to follow once the deal secures regulatory approval from Argentine authorities. The Italian operator first announced an agreement to sell its controlling stake in Telecom Argentina's holding company Sofora Telecomunicaciones to Fintech for USD 960 million back in November 2013. However, Fintech's 40 percent stake in Argentine cable TV company Cablevision has proved a stumbling block due to local regulations limiting telecoms and media cross holdings. As a result,

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