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Tag: italia
Telecom Italia launches 1-Gbps broadband in Perugia
2016-05-25 02:00:00| Total Telecom industry news
Italian incumbent talks up small-scale ultrafast broadband rollout as network competition heats up.
Tags: italia
telecom
broadband
launches
Enel challenges Telecom Italia with Metroweb bid
2016-05-20 02:00:00| Total Telecom industry news
Italian energy utility tables 806 million bid for fibre firm, but will likely raise bid to match incumbent's offer, sources say.
Tags: italia
bid
challenges
telecom
Telecom Italia sales down 12%, triples cost-cutting target
2016-05-16 08:19:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 12.1 percent year-on-year fall in first-quarter revenues to EUR 5.05 billion in organic terms, hurt by the continuing effects of the macroeconomic situation in Brazil and one-off charges. Domestic revenues came in at EUR 3.54 billion on an organic basis, down 2.3 percent year-on-year but identical to the previous quarterly decline, while sales at its Brazil unit TIM Brasil plunged 15.3 percent on an organic basis to EUR 897 million, impacted by the ongoing recession and provisions for customers' unpaid accounts. Group EBITDA fell 15.8 percent to EUR 1.71 billion, with the EBITDA margin dropping to 36.8 percent compared to 40.2 percent in the year-earlier quarter. In the accompanying statement, the company's new CEO Flavio Cattaneo said he was determined to improve profitability at Telecom Italia, announcing that the target for cost-cutting measures would be tripled to EUR 1.6 billion by 2018, including EUR 800 million in operating costs and EUR 800 million in capital spending.
Tags: sales
target
italia
telecom
Telecom Italia ups cost-cutting target as Brazil drags down Q1 numbers
2016-05-16 02:00:00| Total Telecom industry news
Italian incumbent aims to record 1.6 billion in capex, opex savings by end-2018; names new TIM Brasil CEO.
Tags: numbers
target
italia
brazil
Telecom Italia offers EUR 820 mln in cash for Metroweb
2016-05-10 08:38:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has tabled a formal EUR 820 million all-cash offer to acquire Milan-based fibre provider Metroweb, according to an unnamed source cited by Reuters. Metroweb is currently owned by state-lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, with Swisscom subsidiary Fastweb also retaining a minority stake, and the report indicates Telecom Italia is prepared to buy 100 percent of the company or a two-thirds controlling stake. Telecom Italia's bid pits it against utility giant Enel, which has reportedly offered around EUR 400 million for the 54 percent stake in Metroweb owned by F2i, valuing the broadband provider at EUR 776 million.
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