Shareholders challenge Telecom Italia’s exit from Argentina

MILAN (Reuters) – Telecom Italia should hang on to its controlling stake in Telecom Argentina, a group of small investors said on Friday, reflecting growing unease among shareholders about a planned exit. The comments added to pressure on the Telecom Italia board which was meeting on Friday to discuss the deal. Telecom Italia agreed to sell its 22.7 percent stake in Telecom Argentina to investment company Fintech almost a year ago for $ 960 million but the deal has been delayed awaiting regulatory approval. …
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