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Telecom Italia Cut to Junk by S&P Month After Moody's Downgrade

2013-11-15 12:47:55| Telecom - Topix.net

Telecom Italia SpA had its rating cut to junk by Standard & Poor's, which said Italy's biggest phone company is unlikely to reduce debt fast enough to offset declining earnings.

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Euronews: Telecom Italia Bails Out of Argentina

2013-11-14 18:31:51| Steel - Topix.net

Also in today's EMEA roundup: Profits way down at Telekom Austria; Polkomtel to change hands; hydrogen-powered phone chargers for Africa.

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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.

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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.

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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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