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Tag: italia
Telecom Italia wants favorable regulation to go ahead with spinoff
2013-07-16 01:30:47| Telecom - Topix.net
Telecom Italia said on Monday it wanted to secure favorable regulatory conditions before taking any steps forward in its plan to spin off its fixed-line network after the local regulator cut tariffs its rivals pay to access the grid.
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Telecom Italia ends talks on 3 Italia takeover
2013-07-05 08:48:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has ended talks with Hutchison Whampoa on a possible merger of their mobile activities in Italy. At a board meeting on 04 July, the board of Telecom Italia examined the results of its preliminary contacts with Hong Kong-based Hutchison. According to a statement from the company, the board found that "at present there are not the elements necessary to start negotiations". The companies first confirmed the merger talks in early April, but Telecom Italia has repeatedly delayed a decision on entering full negotiations as it seeks certain assurances from Hutchison. The takeover would have strengthened TIM's position as the largest mobile operator in Italy after acquiring Hutchison's 3 Italia, the smallest player on the market. Hutchison would in return have become the largest shareholder in Telecom Italia. The deal reportedly faced resistance from Telefonica, which is part of the controlling Telco shareholders pact at Telecom Italia, and was also hampered by the ongoing discussions over the spin-off of Telecom Italia's fixed network and its valuation.
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Telecom Italia, Hutch confirm the deal's off
2013-07-05 02:00:00| Total Telecom industry news
Italian mobile operators say preliminary talks over merger of operations came to nothing.
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telecom
Telecom Italia sells MTV Italia stake to Viacom
2013-07-04 11:02:00| Telecompaper Headlines
(Telecompaper) Telecom Italia Media announced an agreement to sell its 51 percent stake in MTV Italia to Viacom International Media Networks, giving the US company full control of the Italian music channel. Telecom Italia will receive EUR 10 million for its stake and agreed to waive a EUR 9.7 million loan to MTV Italia. The parties also agreed to a multi-year renewal of a contract with Telecom Italia Media's broadcasting services arm for transmission capacity and services. Subject to regulatory approval, the deal is expected to close by the end of September. The sale follows TI Media's earlier divestment of the La7 TV channel, as part of efforts to reduce its debt and improve profitability. After disposing of the MTV stake, its only remaining activity is Telecom Italia Media Broadcasting, a DTT broadcast services provider.
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Telecom Italia, Hutch merger talks called off
2013-07-04 02:00:00| Total Telecom industry news
Discussions over mobile merger in Italy have come to an end, Reuters reports.
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italia
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talks
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