Latest press releases

Redazione ufficio stampa

Read the latest press releases and search the archives of TIM Group's Press Office.

Telecom Italia: Sale of the stake in ETECSA

01/31/2011 - 01:06 PM

Telecom Italia hereby informs it has completed the sale of the 27% stake held in ETECSA, through Telecom Italia International N.V., to the Cuban company Rafin S.A..

As provided by the deal, Telecom Italia will receive a total USD 706 million, of which USD 500 million already paid by Rafin S.A. (so formally authorized by the Cuban Government); the remaining amount will be paid by ETECSA in 36 monthly instalments. Telecom Italia International’s receivable is guaranteed.

 

Rome, 31 January 2011

Attachments

download pdf

Press Release (46 Kb)

47 KB