Tuesday, 22 August 2017

Telecom Italia receives offer for Argentine division

By Manuela Mesco and Taos Turner, Dow Jones Newswires
Friday 08 November 13

Fintech offers $960 million for Telecom Italia assets, the bulk of which covers the purchase of the telco's shares in Telecom Argentina holding company.

Telecom Italia SpA Thursday said it received an offer for its Argentine division as the troubled Italian telecommunications provider looks to sell assets and reduce its massive debt. According to people familiar with the negotiations, Fintech Investments Ltd. made a $960 million offer, though that also includes various small transactions. The bulk of the deal has Fintech offering $750 million for 68% of Telecom Italia's shares and voting rights in Sofora Telecomunicaciones SA…

Telecom Italia SpA Thursday said it received an offer for its Argentine division as the troubled Italian telecommunications provider looks to sell assets and reduce its massive debt. According to people familiar with the negotiations, Fintech Investments Ltd. made a $960 million offer, though that also includes various small transactions. The bulk of the deal has Fintech offering $750 million for 68% of Telecom Italia's shares and voting rights in Sofora Telecomunicaciones SA…

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