Reuters logo
Telecom Italia to issue statement on Telecom Argentina sale -source
November 11, 2013 / 4:36 PM / 4 years ago

Telecom Italia to issue statement on Telecom Argentina sale -source

MILAN, Nov 11 (Reuters) - Telecom Italia is expected to issue a statement on the sale of its stake in Telecom Argentina following a board meeting on Monday to discuss the deal, a source close to the matter said.

Telecom Italia is in talks to sell a controlling stake in Telecom Argentina to investment fund Fintech, as part of a new strategy aimed at raising 4 billion euros ($5.4 billion) to avoid a credit downgrade and revive its business.

Last week the Italian company said it received an $1 billion offer for its stake.

$1 = 0.7459 euros Reporting by Stefano Rebaudo, editing by Emilio Parodi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below