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Tag: italia
Anatel OKs Telefonica to transfer Telecom Italia shares
2015-03-13 01:00:00| Total Telecom industry news
Brazilian regulator gives the green light to phase two of Telefonica's GVT buy.
Tags: italia
transfer
shares
telecom
Wind, 3 Italia in advanced talks over merger - report
2015-03-11 09:12:00| Telecompaper Headlines
(Telecompaper) Hutchison Whampoa and VimpelCom are in advanced negotiations about a possible merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, according to unnamed sources cited by the Financial Times. The companies have been holding on-off talks since December 2013, with Wind's net debt level and the exact split of ownership representing the main hurdles to a deal. However, an agreement is now close according to two of the sources, which suggested that Hutchison could end with a slightly larger share of the merged group. Another person familiar with the talks said Hutchison's share could be around 51 percent, although a decision could be weeks away and there is no certainty that a deal will be agreed. Wind is currently the third largest mobile operator in Italy behind Telecom Italia (TIM) and Vodafone, with 3 Italia coming in fourth. A merger would create a company with around 33 million customers and annual revenues of some EUR 7 billion. Wind recently said it expects to close the EUR 693 million sale of its mobile tower unit to Spanish infrastructure company Abertis by the end of the month, and that it would use the proceeds from the sale to reduce its net debt.
Tags: advanced
report
italia
wind
3 Italia, Wind reportedly close to mobile merger deal
2015-03-11 01:00:00| Total Telecom industry news
Hutchison Whampoa could take 51% stake in merged entity, according to latest press report.
Tags: close
mobile
deal
italia
Orange interested in potential merger with Telecom Italia
2015-03-02 08:51:00| Telecompaper Headlines
(Telecompaper) Orange is interested in a potential merger with Telecom Italia, Orange chairman and CEO Stephane Richard told Le Journal du Dimanche. "There are no negotiations, simply an exchange of views with directors, but it could be a good opportunity for European consolidation," he said. "It is not a competitor and our European strategies could be complementary," according to Richard. Orange's CEO is looking at Telecom Italia's operations in its home market, much more than those of its subsidiary in Brazil. The latter could be sold for nearly EUR 20 billion to repay Telecom Italia's debt and raise its share price. Separately, a Telecom Italia spokesman told Bloomberg that there are neither talks nor "exchanges of views" with Orange.
Tags: potential
interested
italia
orange
Orange potentially interested in deal with Telecom Italia, CEO tells paper
2015-03-01 17:35:21| Telecom - Topix.net
France's Orange and Italy's telecom operator Telecom Italia have been discussing a possible alliance between the former monopolies, Orange's chief executive told the Journal de Dimanche. "There are no negotiations ongoing just exchanges of points of view between the two management teams," said Orange's CEO Stephane Richard.
Tags: paper
interested
deal
italia
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