Group W yields 8% to Telecom Italiaa

by admin on Aug.23, 2010, under game online

Group W yields 8% to Telecom Italia company that controls Telecom Argentina.

Buenos Aires, August 17 .- The W Group, Argentina, Telecom Italia yield to 8 percent of its shares in the company that controls Telecom Argentina, confirmed today the Italian telecommunications company.

In a statement sent to the Buenos Aires Stock Exchange, Telecom Italia announced that this transfer is part of the shareholder agreement between shareholders of Telecom Argentina signed last day in May in Milan, which, tera gold, besides the Argentine and Italian group agreed to "end all trials and reciprocal claims, normalizing their relations. "

The parties also committed themselves "to work in a coordinated manner for the purpose of achieving a more efficient corporate job and control of Telecom Argentina group companies," the statement said.

The agreement puts an end to the, mortal gold, disputes arising between the shareholders by the indirect participation of Telefonica of Spain in the Italian company.

Telecom Argentina is controlled in a 54.74 percent by Nortel, which is controlled in turn by Sofora, a company owned equally by Telecom Italia and the Group W, which now yields about 8 percent for the Italians.

Another 4.21 percent of the shares of Telecom Argentina, Star Trek Gold, is in the hands of the 15,000 employees of the company and the rest is traded on stock exchanges in Buenos Aires, New York and Mexico.

The company serves more than 4 million fixed telephony customers in Buenos Aires and in the north central area of the country, a further 17 million mobile phone users in Argentina and Paraguay and 1.27 million Internet customers.

The telecommunications company record in the first half year net profit by 865 million pesos (218.43 million dollars), up 23 percent more than the same period last year.