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General

Telecom Italia ups Telecom Argentina stake to 21.1%

Thursday 10 March 2011 | 11:46 CET | News
Telecom Italia has completed the acquisition of a 10 percent stake of Sofora's capital – the holding company which controls Telecom Argentina – from the Argentine partner Werthein. The transaction is worth around USD 145 million. Telecom Italia thus increases its stake in Sofora from 58 percent to 68 percent of the company's capital. Telecom Italia's economic interest in Telecom Argentina also climbs from 18.3 percent to 21.1 percent. This transaction does not alter or modify the governance rights of the Telecom Argentina Group set forth in the shareholders' agreement between the Telecom

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