UPDATE 1-Argentina regulator nixes telecoms sale to Fintech
(Adds Telecom Argentina reaction)
BUENOS AIRES Oct 15 (Reuters) - Argentina's telecoms regulator on Thursday nixed the sale of a 68 percent stake in Telecom Argentina holding company Sofora to investment firm Fintech, the regulator AFTIC said in a statement.
"The board considers that (Fintech) is not in a position to operate and take control Telecom Argentina's services and infrastructure. Fintech has demonstrated neither experience nor expertise," AFTIC said.
A Telecom Argentina official attending a business conference in the coastal town of Mar del Plata declined to comment on the regulator's announcement.
Sofora is owned by Telecom Italia. (Reporting by Nicolas Misculin; Additional reporting by Jorge Otaola; Writing by Richard Lough; Editing by Chris Reese and Alan Crosby)
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