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Exclusive: Telefonica likely to back Telecom Italia cash call, eyes TIM sale
2013-11-06 18:43:01| Telecom - Topix.net
Spain's Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in 2014, multiple sources familiar with the strategy said.
Telecom Italia to abandon fixed grid spin-off plan - report
2013-10-22 09:35:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is to withdraw its plan to raise much-needed funds by spinning off its fixed network, reports Bloomberg, citing unnamed sources familiar with the matter. The plan, championed by former chairman Franco Bernabe, was initially approved by the board in May before a decision by regulator Agcom in July forced the company to put the project on hold. Telefonica's move gradually to increase its influence on Telecom Italia also slowed down the proposal to raise as much as EUR 14 billion through the network unbundling, with the Spanish operator said to prefer the option to raise around EUR 9 billion by selling off Telecom Italia's Latin American assets.
Tags: report
plan
fixed
italia
Telecom Italia cans network spinoff plan
2013-10-22 02:00:00| Total Telecom industry news
Italian incumbent's plan to separate out fixed infrastructure lost its champion with resignation of former CEO Franco Bernabe, Bloomberg reports.
Tags: plan
network
italia
telecom
Findim calls for renewal of Telecom Italia board
2013-10-17 11:13:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced that it has received a request to call a shareholders' meeting from its second-largest shareholder, Findim Group. The first item on the agenda requested by Findim is the removal from office of the directors designated by Telco, the holding company that controls Telecom Italia. Given that Telco-appointed directors account for four-fifths of the board, Findim also requests the subsequent renewal of the entire board of directors if the first item is approved. Finally, a third item of 'related and consequent resolutions' is also on the agenda.
Tags: board
italia
calls
telecom
Tim Ceo says Telecom Italia not trying to sell -paper
2013-10-14 18:40:53| Telecom - Topix.net
Brazilian phone company TIM ParticipaA oes SA is not up for sale, its chief executive told a local newspaper, denying reports that Telecom Italia SpA wants to sell its 67 percent stake.
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