Telecom Italia’s chairman Giuseppe Recchi has told Reuters that the sale of the company’s Argentine unit is proceeding as planned and does not have to be pushed back. The Italian company agreed to sell its entire controlling interest in Telecom Argentina to Mexican billionaire David Martinez’s investment company Fintech for USD960 million last November, as it seeks to cut its debt in the face of rising competition in its domestic market and the economic downturn in Europe. ‘We are confident that it will proceed as planned,’ Recchi said on the sidelines of a conference in Milan, adding that there is nothing to indicate that it will be necessary to push back the deadline to the end of the year.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors