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Fitch: Oi Deal May Aid Telecom Italia Leverage; Cut Competition

2014-09-03 13:33:08| Telecom - Topix.net

The likely failure of Telecom Italia's bid for Global Village Telecom in Brazil leaves the door open for Grupo Oi to make an offer for the Italian group's stake in TIM Participacoes, Fitch Ratings says.

Tags: deal cut italia aid

 

Telefonica to exit Telecom Italia after GVT deal - chairman

2014-09-02 08:56:00| Telecompaper Headlines

(Telecompaper) Telefonica is set to exit Telecom Italia after it has finalised the acquisition of Vivendi's Brazilian broadband operator GVT, with a view to circumventing competition concerns in Brazil. "After the GVT operation the message is clear, we don't want to stay in Telecom Italia," commented Telefonica chairman Cesar Alierta at the XXVIII telecommunications and digital economy meeting held at Universidad Internacional Menendez Pelayo (UIMP) in Santander. Telefonica has been the dominant partner in the Telco SpA investor group that has controlled Telecom Italia for the past 7 years but the imminent break up of the holding has prompted questions about Telefonica's plans for the rest of its stake in Telecom Italia. It will still hold 8.3 percent of voting rights in the Italian operator once it completes a transaction announced in July to convert EUR 750 million of bonds exchangeable into Telecom Italia shares. Telefonica offered its Telecom Italia shares to Vivendi as part of its bid for GVT and last week confirmed that it expects the purchase to close in mid-2015.

Tags: deal italia exit chairman

 
 

Telefonicas Brazilian buy will bring end to Telecom Italia saga

2014-09-02 02:00:00| Total Telecom industry news

Cesar Alierta confirms plan to exit the Italian operator following completion of GVT deal.

Tags: end buy bring italia

 

Telecom Italia in a bind after losing GVT bid battle

2014-09-01 01:06:27| Telecom - Topix.net

Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.

Tags: italia bid battle telecom

 

Telecom Italia to push on with Brazil plans

2014-08-29 02:00:00| Total Telecom industry news

As Vivendi enters exclusive talks with Telefonica on GVT deal, Italian telco vows to keep investing in Brazil, but commits to 'disciplined approach' to strategy.

Tags: plans italia brazil push

 

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