Wednesday, 24 January 2018

Regulator blocks Telecom Argentina sale, Telecom Italia says appeal planned

By Mary Lennighan, Total Telecom
Friday 16 October 15

AFTIC rules that Fintech lacks the experience to run Telecom Argentina; Telecom Italia insists it has plenty of time to push the deal through.

Argentina's telecoms regulator on Thursday announced that it will not authorise the sale of Telecom Italia's stake in Telecom Argentina on the grounds that the buyer, Fintech, lacks the experience to manage the company. Telecom Italia's response gave little away. On Friday the Italian incumbent issued a statement acknowledging the regulator's decision, reminding the industry that it has brokered plenty of time into the sale agreement to allow for regulatory hurdles…

Argentina's telecoms regulator on Thursday announced that it will not authorise the sale of Telecom Italia's stake in Telecom Argentina on the grounds that the buyer, Fintech, lacks the experience to manage the company. Telecom Italia's response gave little away. On Friday the Italian incumbent issued a statement acknowledging the regulator's decision, reminding the industry that it has brokered plenty of time into the sale agreement to allow for regulatory hurdles…

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