je.st
news
Tag: telecom
Telecom Italia sells 17% of Argentina stake
2014-10-27 08:54:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has agreed to sell only a part of its stake in Telecom Argentina to US-backed investment fund Fintech, with the rest to follow once the deal secures regulatory approval from Argentine authorities. The Italian operator first announced an agreement to sell its controlling stake in Telecom Argentina's holding company Sofora Telecomunicaciones to Fintech for USD 960 million back in November 2013. However, Fintech's 40 percent stake in Argentine cable TV company Cablevision has proved a stumbling block due to local regulations limiting telecoms and media cross holdings. As a result, Telecom Italia has now announced an amended agreement to sell a 17 percent minority interest in Sofora to Fintech by end-October for USD 215.7 million. The sale of the remaining 51 percent controlling stake in Sofora will go through once the Argentine telecoms regulator SeCom gives the green light, which "is expected to occur within the next two and one-half years", according to Telecom Italia. In a statement, Telecom Italia confirmed that if the sale of its 51 percent of Sofora to Fintech is not completed within two and a half years, it could elect to terminate the deal or seek a third party buyer under a guarantee scheme with Fintech that ensures it will receive at least the same amount (USD 630.6 million).
Tags: italia
argentina
telecom
sells
Ericsson bags network deals with Telenor, Algeria Telecom
2014-10-27 01:00:00| Total Telecom industry news
Swedish vendor to upgrade Norwegian telco's mobile network and Algerian operator's broadband infrastructure.
Tags: network
deals
bags
telecom
Telecom Italia agrees new $960m Telecom Argentina deal
2014-10-27 01:00:00| Total Telecom industry news
Italian telco has two and a half years to obtain regulatory consent for sale of majority stake in Argentine operator to Fintech.
Tags: deal
italia
argentina
telecom
Telecom Italia to sell part of Argentina unit
2014-10-26 17:32:35| Telecom - Topix.net
Telecom Italia said yesterday it would sell only part of its majority stake in Telecom Argentina and the rest once the regulator approved its full sale to New York-based fund Fintech, owned by Mexican billionaire David Martnez. The Italian phone group had agreed to sell its controlling stake in Telecom Argentina holding company Sofora to Fintech for US$960 million almost one year ago, but the Argentine telecoms regulator SECOM has been slow to approve the deal.
FCC clears Level 3 purchase of TW Telecom
2014-10-25 20:42:27| Telecom - Topix.net
The Federal Communications Commission on Friday gave the go ahead for Level 3 Communications Inc.'s $5.3 billion purchase of TW Telecom Inc. The FCC approval comes days before the shareholders of both Denver metro-area telecoms vote on the cash and stock deal. Broomfield-based Level 3 and Douglas County-based TW Telecom announced the cash and stock deal June 16. The overall deal's value reaches $7.3 billion including TW Telecom's $1.6 billion in corporate debt.
Tags: level
purchase
telecom
fcc
Sites : [237] [238] [239] [240] [241] [242] [243] [244] [245] [246] [247] [248] [249] [250] [251] [252] [253] [254] [255] [256] next »