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Natuzzi Italia opens in Abu Dhabi

2015-10-26 14:17:48| Furniture - Topix.net

Top Italian furniture brand's newly opened showroom targets the growing residential and commercial projects in the region's capital As part of its expansion plans in the GCC, Natuzzi Italia, one of the world's most highly sought after furniture brands among consumers of luxury goods, announces the opening of its store in Abu Dhabi. Relocated from Abu Dhabi Mall to the ground floor of Land Mark Tower along Abu Dhabi Corniche, the bigger Abu Dhabi showroom which is Natuzzi Italia's second store in the UAE, is expected to meet the growing demand of the UAE market for high-end furniture and furnishings.

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Vivendi raises Telecom Italia stake over 20%

2015-10-26 08:38:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the company's ordinary shares. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to 15.5 percent in September and 19.9 percent earlier this month. In a statement Vivendi reiterated its intention to be a long-term shareholder of the Italian telecoms group and, more generally, to develop Vivendi's activities in southern Europe. The company is said to be looking for a wider platform for the distribution of content created by its subsidiaries such as Canal Plus and Universal Music Group in Italy.

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Vivendi's Telecom Italia stake creeps up

2015-10-26 01:00:00| Total Telecom industry news

French company increases its holding in Telecom Italia to 20.03%.

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Telecom Italia resumes Metroweb broadband talks

2015-10-19 08:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has confirmed its intention to resume negotiations with Milan-based fibre-optic provider Metroweb on plans to roll out a broadband network throughout Italy. In a statement issued following a board meeting held on 16 October, the company said it had examined a new proposal put forward by the two shareholders of Metroweb state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI with regard to "the possibility of sharing  a plan of investments in the FTTH (fibre-to-the home) network". No further details of the plan's content were released but unnamed sources cited by Bloomberg last week suggested that Telecom Italia's board would discuss a cash offer for an initial stake of 40 percent in Metroweb, subsequently boosting its holding to 60 percent and eventually reaching 100 percent over a five-year period. Telecom Italia chairman Giuseppe Recchi was last week quoted as saying that "Telecom Italia has always been open to Metroweb it has always been open to building a sustainable network for the benefit of the market and the country." 

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Telecom Italia resumes Metroweb talks

2015-10-19 02:00:00| Total Telecom industry news

Fibre operator makes new proposal over joint FTTH investment as merger rumours resurface.

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