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General

Telecom Italia to extend, amend Telecom Argentina deal

Monday 29 September 2014 | 08:35 CET | News
Telecom Italia has agreed to a request from US-backed investment fund Fintech to extend the deadline to close the USD 960 million sale of Telecom Argentina by another month, until 24 October, to buy more time to secure regulatory approval from local authorities. At the same time, the operator confirmed in a statement that its management would "evaluate and define with Fintech possible amendments to the sale process", without specifying what those amendments would be. The announcement came after a 7-hour board meeting held on 26 September, which was dominated not only by the company's options

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