Fintech $550.6 million acquisition of Telecom Argentina

7/3/2016

Public acquisition

Value:

$ 550.6 million

Status:

Completed

Date:

7/3/2016

Overview:

Fintech has acquired a majority stake in Telecom Argentina from Telecom Italia for $550.6 million.
In order to do this, the acquirer purchased 51% of Sofora Telecomunicaciones, which controls Telecom Argentina.
This acquisition was approved by ENACOM, a new regulator put in place by President Mauricio Macri.

Rani Mehta - Journalist

Jurisdiction:

Argentina

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:

Cleary Gottlieb Steen & Hamilton

Party: Fintech (Acquirer)

Lawyers: Adam Brenneman, Richard Cooper

Davis Polk & Wardwell

Party: Telecom Italia (Seller)

Errecondo Gonzalez & Funes

Party: Fintech (Acquirer)

Lawyers: Baruki González, Saturnino Funes

Marval O'Farrell Mairal

Party: Telecom Italia (Seller)

Lawyers: Juan Diehl Moreno, Santiago Carregal

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