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Telecom Italia sells Telecom Argentina stake for USD 960 mln

2013-11-14 09:49:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has agreed to sell its entire stake in Telecom Argentina to Fintech Group for USD 960 million. The operator confirmed in a statement that Fintech would buy the Telecom Argentina shares held by its units Telecom Italia International, Sofora Telecomunicaciones, Nortel Inversora and Tierra Argentea. The company added that USD 100.5 million of the total corresponds to additional agreements related to the transaction, including an agreement to continue providing the Telecom Argentina companies technical support and other services for up to three years.

Tags: italia argentina usd telecom

 

Bouygues Telecom sales drop 13%

2013-11-14 08:38:00| Telecompaper Headlines

(Telecompaper) French mobile and broadband operator Bouygues Telecom reported sales down 13 percent to EUR 3.5 billion in the first nine months of 2013. EBITDA over the nine months decreased by EUR 80 million to EUR 727 million, but rose by EUR 10 million year-on-year to EUR 258 million in the third quarter. Bouygues Telecom had 11.09 million mobile customers at the end of September, including 9.76 million on postpaid plans, up by 332,000 on a year-earlier. The operator attracted 95,000 new fixed broadband customers in the first nine months, to reach 1.94 million fixed broadband customers at the end of September.

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Telecom Italia agrees to sell Telecom Argentina stake

2013-11-14 01:00:00| Total Telecom industry news

$960 million deal with Fintech Group to help Italian incumbent pay off part of its huge debt.

Tags: sell italia argentina telecom

 

Telefonica won't take complete control of Telecom Italia parent

2013-11-14 01:00:00| Total Telecom industry news

Shareholder agreement prevents Spanish incumbent from increasing its Telco stake to more than 49%.

Tags: complete control italia parent

 

Regulator looks into Telecom Italia bond, Argentina stake sale

2013-11-13 20:56:32| Telecom - Topix.net

Telecom Italia said officials from market regulator Consob, along with Italy's financial police, were at its offices on Wednesday to gather details of its recent convertible bond issue and the sale of a stake in Telecom Argentina .

Tags: sale italia argentina bond

 

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