Telecom Argentina and Cablevisión converge
Telecom Argentina and cable TV provider Cablevisión have announced a deal which will see the corporate structures and operations merged in a play for the converged market.
Telecom Argentina and cable TV provider Cablevisión have announced a deal which will see the corporate structures and operations merged in a play for the converged market.
In a protracted M&A saga, Telecom Italia (TIM) has completed the sale of its stake in Telecom Argentina parent company Sofora to investment firm Fintech, while also pledging nearly €12bn to network investment initiatives.
Telecom Italia has announced it is to sell 17% stake of its subsidiary, Telecom Argentina to New York-based investor firm Fintech. The Italian incumbent said it plans to sell Telecom Argentina’s holding company Sofora’s entire shareholding to Fintech once it has received regulatory approval from the Argentinian regulator SECOM.
Telecom Argentina has appointed a new CEO in Stefano De Angelis. He replaces Franco Bertone, who has held the role since 2009, and will take on other responsibilities within the Telecom Italia Group, the firm said.
Italy’s Prysmian Group has won a contract with Telecom Argentina to supply and install an optical network that will provide the passive infrastructure for the first part of its new fibre-to-the-home (FTTH) network.
Canny social network Facebook has tapped into a significant market with a version of its platform that can be embedded on the SIM. What the offering lacks in glossy UI it makes up for by bringing Facebook access to the mass market of low end device users.
Rumours abound that Italian carrier Telecom Italia is seeking to offload its stake in Telecom Argentina.
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