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Telecom Italia closes sale of Telecom Argentina to Fintech

2016-03-09 09:13:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has announced that its remaining 51 percent stake in Telecom Argentina has been sold to US-backed investment firm Fintech for USD 550.6 million. The Italian group reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech, owned by Mexican financier David Martinez, for USD 960 million. Telecom Italia divested an initial 17 percent stake in Sofora to Fintech around 18 months ago for USD 329.5 million but both parties have been waiting for the approval of the newly-created communications watchdog Enacom after the defunct regulator AFTIC blocked the transaction last October. Enacom's approval finally came last week.

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Telecom Italia finally completes Argentina sale

2016-03-09 01:00:00| Total Telecom industry news

Italian incumbent offloads 51% of holding company Sofora for $550.6 million.

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Telecom Italia SpA (TI) Upgraded at Credit Suisse

2016-03-08 14:32:36| Telecom - Topix.net

Several other research analysts also recently commented on the company. Zacks Investment Research raised Telecom Italia SpA from a "sell" rating to a "hold" rating in a research report on Tuesday, November 10th.

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Telecom Italia commits to Brazil, works towards Metroweb deal

2016-03-07 01:00:00| Total Telecom industry news

Italian operator's CEO says he is not under pressure to sell out of Brazil.

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Telecom Italia wants deal with Metroweb investors in coming weeks-sources

2016-03-04 21:51:48| Telecom - Topix.net

Italian phone company Telecom Italia wants to reach an agreement with investors in fiber optic company Metroweb in coming weeks to development of a broadband network in Italy, two sources close to the matter said on Friday. Metroweb is a small company controlled by infrastructure fund F2i and state lender Cassa Depositi e Prestiti through its investment arm Fondo Strategico Italiano.

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