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Italy launches EUR 400 mln plan to bring gigabit fibre to schools
2020-05-06 08:59:00| Telecompaper Headlines
(Telecompaper) Italy's Ministry of Economic Development (MISE) has announced a new EUR 400 million plan to boost takeup of high-speed fibre services at schools throughout the country. The aim is to equip 81.4 percent of Italy's schools, equivalent to a total of 32,213 buildings, with fibre-optic equipment that guarantees download speeds of at least 100Mbps and up to 1Gbps within the next two years. In addition to the structural costs, the funds made available also cover connectivity costs for up to 5 years, said the ministry.
Millicom withdraws from USD 570 mln acquisition of Telefonica Costa Rica
2020-05-04 08:29:00| Telecompaper Headlines
(Telecompaper) Millicom confirmed it has pulled out of a USD 570 million agreement to acquire Telefonica's mobile telecommunications assets in Costa Rica, paving the way for possible legal action from the Spanish operator. In a brief statement, Millicom said it exercised its right to terminate the Share Purchase Agreement (SPA) on the grounds that Telefonica had failed to secure "required regulatory approvals that were agreed by the parties and set forth in the SPA, certain of which have not yet been issued," without providing further details.
Tags: costa
usd
rica
acquisition
TIM, Vodafone sell joint 8% stake in Inwit towers unit for EUR 800 mln
2020-04-23 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and Vodafone Italia have sold an 8 percent stake in their jointly-owned towers company Inwit for a total of around EUR 800 million with a view to reducing debt. In separate statements, TIM and Vodafone each confirmed that they successfully completed the sale of 41.7 million shares of Inwit, equal to around 4.3 percent of the share capital, at a price of EUR 9.60 per share, resulting in gross proceeds to each company of around EUR 400 million.
Netflix adds nearly 16 mln new customers in Q1, double its forecast
2020-04-22 08:32:00| Telecompaper Headlines
(Telecompaper) Netflix added 15.77 million new subscribers in the first quarter, more than double the 7 million forecast by the company as more people forced to stay at home due to the coronavirus outbreak turned to the streaming service. Netflix said it expects to return to more normal growth of 7.5 million net additions in the second quarter.
Tags: its
double
customers
adds
Disney+ passes 50 mln subscribers after launch in India, Europe
2020-04-09 08:48:00| Telecompaper Headlines
(Telecompaper) Disney announced that its subscription streaming service Disney+ has passed 50 million paid subscribers worldwide. This comes five months after the video service first launched in the US in November 2019 and follows the recent expansion to India and western Europe.
Tags: europe
india
launch
disney
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