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Tag: italia
European shares lifted by banking stocks, M&A hopes boosts Telecom Italia
2016-03-09 13:27:55| Telecom - Topix.net
LONDON/MILAN, March 9 European shares rose on Wednesday with banking stocks among the leading gainers on expectations about European Central Bank stimulus measures and Telecom Italia boosted by talk about a possible tie-up with Orange. The pan-European FTSEurofirst 300 index, which fell 0.9 percent on Tuesday to around its lowest level in a week, rose 1 percent by 1118 GMT, while the euro zone's blue-chip Euro STOXX 50 index was up 1.3 percent.
Tags: italia
european
banking
shares
Telecom Italia closes sale of Telecom Argentina to Fintech
2016-03-09 09:13:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced that its remaining 51 percent stake in Telecom Argentina has been sold to US-backed investment firm Fintech for USD 550.6 million. The Italian group reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech, owned by Mexican financier David Martinez, for USD 960 million. Telecom Italia divested an initial 17 percent stake in Sofora to Fintech around 18 months ago for USD 329.5 million but both parties have been waiting for the approval of the newly-created communications watchdog Enacom after the defunct regulator AFTIC blocked the transaction last October. Enacom's approval finally came last week.
Tags: sale
italia
argentina
telecom
Telecom Italia finally completes Argentina sale
2016-03-09 01:00:00| Total Telecom industry news
Italian incumbent offloads 51% of holding company Sofora for $550.6 million.
Tags: sale
finally
italia
argentina
UPDATE 1-Orange CEO says needs invite from Bollore to look at Telecom Italia
2016-03-08 18:37:42| Telecom - Topix.net
Orange Chief Executive Officer Stephane Richard has said he might look into the possibility of a merger deal with Telecom Italia if French billionaire Vincent Bollore invited him to, but does not think that would happen. Bollore is chairman and the biggest shareholder of French media group Vivendi, which since last year has built up a 23.8 percent stake in Telecom Italia.
Telecom Italia SpA (TI) Upgraded at Credit Suisse
2016-03-08 14:32:36| Telecom - Topix.net
Several other research analysts also recently commented on the company. Zacks Investment Research raised Telecom Italia SpA from a "sell" rating to a "hold" rating in a research report on Tuesday, November 10th.
Tags: credit
italia
spa
telecom
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