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Explosion of Fintech Firms Raises New Regulatory Questions
2017-07-26 13:00:00| National Real Estate Investor
Many industry observers would agree that there is not a level playing field as it relates to regulation for fintechs and non-bank entities as compared to the banking sector.
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firms
regulatory
raises
FinTech Innovation 2017
2017-05-31 08:04:39| Capgemini News Feed
Language Worldwide Upload File: fintech-innovation.zip Node Version: 13
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fintech
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.
Tags: sale
italia
argentina
telecom
AFTIC rejects Fintech, Sofora deal for Telecom Argentina stake
2015-10-16 15:51:22| Telecom - Topix.net
The decision was based on Fintech's failure to adhere to the requirements of Decree 62/90 and 764/2000, the watchdog has confirmed. claims that Fintech has not demonstrated sufficient experience and expertise to take control of Telecom Argentina's infrastructure, and made it clear that it does not want the telco to be solely controlled by investment companies, following the 2013 departure of strategic shareholder Telecom Italia .
Tags: deal
argentina
telecom
stake
AFTIC rejects sale of Telecom Argentina to Fintech
2015-10-16 08:48:00| Telecompaper Headlines
(Telecompaper) The board of Argentina's federal telecommunications regulator AFTIC has unanimously rejected the sale of a controlling stake in Telecom Argentina owned by Telecom Italia to US-backed investment fund Fintech on the grounds that the buyer doesn't have the necessary qualifications to operate a telecommunications company in the country. "The board considers that (Fintech) is not in a position to operate and take control Telecom Argentina's services and infrastructure. Fintech has demonstrated neither experience nor expertise," said AFTIC in a statement. Telecom Italia had agreed to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech for USD 960 million at the end of 2013 but the deal has been held back by the ongoing financial crisis in Argentina as well as delays in securing regulatory approval.
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argentina
telecom
rejects