Telecom Italia wins freedom in Argentina
An Argentine court has lifted some of the restrictions placed on Telecom Italia by the country’s anti-trust regulator, which limited its ability to exercise rights in Telecom Argentina.
The appeals court annulled a CNDC decision that prohibited the Italian incumbent exercising its political rights in the Argentinean carrier, and a resolution that suspended its ability to exercise and sell a call option on the stake partner Werthein holds in Sofora Communicaciones, which holds a controlling share in the Telecom Argentina.
However, the decision doesn’t lift “judicial decisions on the same matters that impose similar restrictions on Telecom Italia, and which are still in effect,” the firm said in a statement yesterday.
The carrier will also still be required to seek the approval of CNDC on future transactions in the country, it said.