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Telecom Italia confirms CEO exit 'by mutual consent'
2017-07-25 08:28:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has confirmed that its chief executive Flavio Cattaneo will be leaving the company by mutual consent after "the completion of the major and extraordinary turnaround" of the business. It said that since Cattaneo was appointed TIM CEO in March 2016, the company had grown its customers and revenues to levels not reached in the last 10 years, increased its core investments and successfully reorganised internal processes and cut costs. It added that it would now embark on a second phase, "a conventional company relaunch that pursues the targets set by Flavio Cattaneo".
Crown Castle confirms USD 7.1 billion takeover of Lightower
2017-07-19 09:07:00| Telecompaper Headlines
(Telecompaper) US towers operator Crown Castle confirmed the acquisition of fibre network operator Lightower for USD 7.1 billion. The price agreed with Lightower's owners Berkshire Partners, Pamlico Capital and other investors is worth around 13.5x the expected adjusted EBITDA contribution from Lightower in the first year of ownership. Lightower owns or has rights to 32,000 route miles of fibre in the Northeast US, including major metro areas such as Boston, New York and Philadelphia. The acquisition adds to a string of takeovers by Crown Castle in recent months to boost its backhaul network and will give the company a total 60,000 route miles of fibre at closing.
Tags: usd
billion
crown
castle
AWE confirms extension of Waitsia gas field in Australia
2017-07-05 01:00:00| Hydrocarbons Technology
Energy company AWE has confirmed the southern extension of the Waitsia gas field in the northern Perth Basin, Western Australia.
Tags: field
australia
gas
extension
Microsoft Confirms Windows Code Leak, but Size, Details Disputed
2017-06-27 13:30:32| Extremetech
Microsoft suffered a significant hack and data leak over the weekend, but the size and scale of the problem may have been smaller than initially reported. The post Microsoft Confirms Windows Code Leak, but Size, Details Disputed appeared first on ExtremeTech.
Tags: code
size
details
windows
Aston Martin confirms limited production run of all-electric RapidE for 2019
2017-06-27 12:55:43| Green Car Congress
Tags: limited
run
production
martin
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