Telecom Italia is reluctant to leave the control of its namesake in Argentina, as ordered by the State. Challenge Courts office from where the case and draws tens of records. So, the outcome promises to be long. Telecom Italia's strategy would stretch the time until 2011, hoping, of course, to have that time with a new political color in power. The government suspicion, despair and threat.
last week leaked the "short list" of candidates, all local. In principle there are three: the trio Eurnekian - Gutierrez - Madanes Garfunkel, IRSA and the Roman Group. I could have one more. The consortium Condor, whose face is visible Carlos Joost Newbery, would be making last-minute negotiations in Rome that Telecom Italia will include it again in the game. Finally, the Government also has the shadow of Clarín.
Theory. Government sources Clarín identified as a possible mastermind of the strategy of the Italian judicial delay. In early February, Nestor Kirchner "officially" that the origin of the conflict with Clarin was his refusal to attempt the Group for taking part of Telecom, the same species had been launched long ago by social leader Luis D 'Elia. Theory
enlarged. Circle also a larger version. The species is narrated that the CEO of Clarin, Hector Magnetto, Kirchner would be exposed to an armed operation that included an agreement with Telecom Italia. The aim was to make Clarin partner Telecom Italia to replace the Werthein. Nestor had to move quickly understand that this meant, at least two problems. The first issue would not resolve market concentration at the hands of Telefónica, owner in the country of its namesake and control of Telecom via its stake in Telecom Italia. The second point: Kirchner would have smelled that the apparent move meant, necessarily, a pact between Clarin and Telefonica. And it would have been willing to provide a center of power for the media footprint. The version heroifica Nestor said that his analysis would have been: better to have them separately and only arbitrate in its long history of conflict. Of course, only be a myth be credible, not necessarily true. The problem is sneaking consciousness as self-fulfilling prophecy. In some government offices that tried suspected primordial covenant between Clarin and the Italians would have been reissued by mutual convenience. Hence the threat of nationalization Telecom launched by Planning Minister Julio De Vido.
falsetto. Rumors Telefónica's purchase of Telecom Italia could precipitate the departure times of the Italians. A Telecom Italia is to resist the arguments fall leaving Argentina. However, there is always a detail. Such an operation would exist in the business daily. Everything would have been a campaign installed by the Italian Government. The move would have been waving the specter of foreign ownership of strategic assets. Fantasy, English sources say, would have been that, by acclamation, ask the rescue of Telecom Italia by Mediapro, owned by Silvio Berlusconi, Italian Prime Minister. Perhaps, Silvio should be regulated in the state of the strategic and punished Italtel ( here.)
Away. Already, three candidates accepted for the final contention for a share of control of Telecom Argentina. Although Carlos Slim would have been tempted in 2009 by officials, would not accompany any of the shortlisted groups; even as a financier. Mexican entrepreneur would, perhaps, an opportunity in the medium term. Especially if clustering between Eurnekian - Gutierrez - Garfunkel Madanes is finally Alzara control of the company. The shooting happened in Eurnekian - Gutierrez in the purchase of assets of Quilmes beer, another operation ordered by the Defense of Competition, is a curious history and take into account when reading between the lines ( here.) And the chances of that trio are high, not only because it supposedly official count with an agreement that would facilitate the Werthein enough to unlock the judicial issue.
Blessing. The Roman Group, led by Alfredo, and IRSA, Eduardo Elsztain also charge him with power ties. Although businesses are known to have no ideology seems that if Telecom would need to have some official blessing. At least, Carlos Joost Newbery, the champion of armed telecommunications consortia to vernacular, have gone through several offices without being able to present their proposal to the Chiefs. A lack of political endorsements, have decided to expose your offer to the press, the figure was the highest among the known and offer for 100% of Sofora, the parent company of Nortel and, by transitive property of Telecom. The move would have been to media Italian shareholders take note.
of shopping. IRSA The case also generated some curiosity. At the end of 2003, Eduardo Elsztain lost their ranks in IRSA Marcelo midline, shareholder and CEO of the Group. Legend has it that Midline have decided to leave by his boss's refusal to diversify investments outside the real estate field. The storage pointed to one of the last business opportunities that would have rejected Elsztain Midline have been advanced on the part of France Telecom in Telecom. A bargain that have used the Werthein. In fact, after divorce, Midline has entered - via its Pampa Holding Company - in business "Regulated" power sector, among others. Instead, the bid for Telecom is the first clear sign of diversification of Elsztain. The amounts involved in the offer made to rule out the idea of \u200b\u200ba wet ear to the former partner.
Optimists hope that the sale to close by midyear. Another kind of optimism lights candles to get no-decisions to 2011.
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