Davis Polk Advises Telecom Italia on the Amendment and Restatement of the Sale of Its Interest in Telecom Argentina

Davis Polk is advising Telecom Italia S.p.A. on the amendment and restatement of the terms of its $960 million sale of its entire controlling interest in Telecom Argentina to Fintech Telecom LLC, an affiliate of Fintech Advisory, Inc.

Telecom Italia is Italy’s largest telecommunications company, with operations in Italy and Brazil, and is also involved in the media and manufacturing industries. Telecom Argentina is the major local telecommunications company for the northern part of Argentina, including the city of Buenos Aires.

The Davis Polk corporate team includes partners Joseph Rinaldi and Jeffrey M. Oakes, and associates Joanna A. Valentine, Christian Lang and Michael Crowley. Associate Stevan R.B. Nicholas is providing credit advice. Members of the Davis Polk team are based in the New York and London offices.

Source:  www.davispolk.com