Telecom Italia Agrees to Sell Telecom Argentina Assets for $960m Telecom Italia agrees to sell entire controlling interest in Telecom Argentina to Fintech Group. Of total amount $859.5m to be paid as consideration for sale of 68% of voting shares in Sofora held by Telecom Italia and Telecom Italia International; ~15.5m Class B shrs of Telecom Argentina held by Tierra Argentea, representing 1.58% of the outstanding shrs; ~2.35m American Depositary Shares, representing 117,588 Preferred B shrs of Nortel held by Tierra Argentea, equal to 8% of the outstanding Preferred B shrs of Nortel Says remaining $100.5m to be paid pursuant to additional agreements related to the transaction