TI shortlists three bidders for its Argentina unit

www.WirelessFederation.com/news: Three potential buyers have been narrowed down by Telecom Italia (TI) for its 50% stake in Sofora, the holding company that controls fixed line incumbent Telecom Argentina. All the three buyers are local companies whose offers ranging from USD580 million to USD630 million.

Argentina Airports 2000, a consortium led by Eduardo Eurnekian and Henry Gutierrez; property development firm IRSA Inversiones y Representaciones and local investor Alfredo Roman have been identified as the potential buyers.

Earlier this month, issued by the country’s antitrust agency, the National Commission for the Defense of Competition (CNDC) has been revoked by a court in Argentina in which TI was ordered to sell its 50% shareholding in Sofora.