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General

Telecom Italia sells Telecom Argentina stake for USD 960 mln

Thursday 14 November 2013 | 09:49 CET | News
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Telecom Italia has agreed to sell its entire stake in Telecom Argentina to Fintech Group for USD 960 million. The operator confirmed in a statement that Fintech would buy the Telecom Argentina shares held by its units Telecom Italia International, Sofora Telecomunicaciones, Nortel Inversora and Tierra Argentea. The company added that USD 100.5 million of the total corresponds to additional agreements related to the transaction, including an agreement to continue providing the Telecom Argentina companies technical support and other services for up to three years.

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