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Articles tagged with: Telecom Argentina
New CEO Named for Telecom Argentina
Telecom Argentina's CEO, Mr. Franco Bertone is to leave the company to take up new roles at its controlling shareholder, Telecom Italia. more
Related Tags: verizon-communication, verizon-wireless, vodafone, USA
Fitch Affirms Telecom Italia at 'BBB'; Outlook Negative
Fitch Ratings has affirmed Telecom Italia's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. The Outlook on the Long-term IDR is Negative. The senior unsecured ratings of Telecom Italia Capital and Telecom Italia Finance have also been affirmed at 'BBB'. more
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Telecom Argentina Debt Ratings Upgraded
Fitch Ratings has upgrade Telecom Argentina's local currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Rating Outlook is Stable. more
Related Tags: Argentina
Telecom Argentina Profits Jump in Lower Costs
Telecom Argentina has announced that its first-quarter net income jumped by 53% to P$628 million (US$153.5 million) due to a higher OPBDA and lower financial charges. more
Related Tags: Argentina
Telecom Italia Secures Control of Telecom Argentina
Telecom Italia has announced the settlement of a long running dispute in Argentina, and will be increasing its holding in Sofora Telecomunicaciones - the holding company which controls Telecom Argentina - from 50% to 58% of the company's capital. more
Related Tags: telecom-italia, werthein-group, sofora-telecomunicaciones, telecom, telefonica,, Argentina
Telecom Italia Settles Shareholder Dispute over Telecom Argentina
Telecom Italia is seeking permission from the Argentinean government to increase its stake in Telecom Argentina after reaching a deal that settles the long running dispute with the Werthein Group. The Werthein Group (48%) and Telecom Italia (50%) control a holding company, Sofora Telecomunicaciones which in turn controls Telecom Argentina. The remaining 2% stake is held by France Telecom. more
Related Tags: telecom-italia, werthein-group, option, telecom, court, Argentina
Telecom Argentina Profits Up on Mobile and Broadband Gains
Telecom Argentina has reported that its first-half revenues rose by 17% to P$6.72 billion (US$1.7 billion), mainly fueled by the Mobile and Broadband businesses. Moreover, Operating Profit increased by 17% to P$1.54 billion. Net profit rose by 23% to P$865 million (US$219 million). more
Related Tags: Argentina
Telecom Argentina Q1 Profits and Revenues Rise
Telecom Argentina has seen its first quarter profits rise by 17% to P$411 million (US$105 million), while revenues were up by 15% to P$3.25 billion (US$832 million). The mobile subscriber base rose by 12% to reach 16.8 million. more
Related Tags: Argentina
Telecom Italia Shareholders Deny Telefonica Merger Plans
Telecom Italia's main shareholder group have denied recent media reports that they were considering the realignment which could have lead to a full merger with Spain's Telefonica. The shareholder pact, including Mediobanca, Intesa Sanpaolo and insurance group, Generali issued a joint statement denying an earlier report in La Repubblica. more
Related Tags: telecom-italia, telefonica, latin-america, insurance, Italy
Government Threatens to Nationalise Telecom Argentina
The Argentinean government has threatened to nationalise its Telecom Argentina subsidiary if it loses an appeal against a recent court order permitting the company to keep its local holdings. Telecom Italia owns half of Sofora Telecomunicaciones, a holding company that controls Telecom Argentina. more
Related Tags: personal, sofora, court, Argentina
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