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EC launches in-depth probe of Wind-3 Italia merger

2016-03-31 08:42:00| Telecompaper Headlines

(Telecompaper) The European Commission has announced the launch of an in-depth investigation into the viability of the proposed merger of Wind and 3 Italia, the Italian subsidiaries of VimpelCom and Hutchison Whampoa. "The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation for mobile customers in Italy," said the EC in a statement. First announced in August last year, the 50-50 merger would reduce the number of mobile network operators in Italy from four to three and create the largest player in terms of subscribers, closely followed by TIM (Telecom Italia) and Vodafone.

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UPDATE 1-Telecom Italia picks Flavio Cattaneo as new CEO

2016-03-30 21:28:57| Telecom - Topix.net

MILAN, March 30 Telecom Italia has appointed state-industry veteran Flavio Cattaneo as chief executive to replace Marco Patuano, who resigned over what sources said were clashes over strategy with top investor Vivendi. Milan-born Cattaneo, already a board member at Telecom Italia, takes over as the former state phone monopoly steps up investments in an ultrafast broadband network, a pet project of Prime Minister Matteo Renzi who wants to get Italy up to speed with the rest of Europe.

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Cattaneo appointed new Telecom Italia CEO

2016-03-30 16:17:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced that its new CEO will be Flavio Cattaneo, currently chief executive of Rome-based high-speed train operator Nuovo Trasporto Viaggiatori (NTV) and former head of public broadcaster RAI. Cattaneo, who already sits on Telecom Italia's board and was considered the leading contender for the position, will replace Marco Patuano, who resigned last week following clashes with top shareholder Vivendi on strategy, including over whether to sell the company's unit in Brazil or forge a stronger alliance with Silvio Berlusconi's Mediaset. The new CEO has been tasked with the overall governance of the company and the group, including the responsibility to define, propose and implement the strategic, industrial and financial plans, as well as the responsibilities for managing and developing the business in Italy and South America.

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Patuano exit from Telecom Italia likely to speed pending deals

2016-03-30 03:54:21| Telecom - Topix.net

Marco Patuano's exit from the top spot at Telecom Italia -- along with associated board changes -- is likely to speed up a number of deals in the works for some time, observers say. Those include a tie-up with Mediaset and a possible deal between Mediaset's Ei Towers and TI spin-off Inwit, as well as a deal with Metroweb to divest an aging copper network.

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