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Tag: telecom
Telefonica waives Telecom Italia voting rights
2015-03-23 01:00:00| Total Telecom industry news
Spanish operator moves to comply with ruling from Brazil's Anatel that is linked to GVT deal.
Tags: rights
italia
telecom
voting
SK Telecom bids for remaining 49.4% stake in SK Broadband
2015-03-20 11:11:00| Telecompaper Headlines
(Telecompaper) South Korean operator SK Telecom plans to acquire the remaining 49.4 percent stake in internet services provider SK Broadband. SK Telecom launched a share swap offer valued at KRW 706 billion (approximately USD 627.17 million). SK Telecom plans to offer 2.47 million treasury shares in exchange for SK Broadband shares it does not currently own, Reuters reports, citing an SK Telecom regulatory filing. SK Telecom currently holds a 50.6 percent stake in SK Broadband. According to SK Telecom, SK Broadband investors can also sell their shares to SK Telecom for KRW 4,645 per share.
Tags: sk
remaining
telecom
bids
Telecom Italia posts EUR 1.35 bln profit, first since 2010
2015-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."
SK Telecom in 583m bid for SK Broadband
2015-03-20 01:00:00| Total Telecom industry news
Operator launches share swap offer with aim of purchasing remaining 49% stake in its broadband subsidiary.
Tags: sk
bid
telecom
broadband
Telecom Italia earns first profit in three years
2015-03-20 01:00:00| Total Telecom industry news
Incumbent operator issues 2 billion bonds to help finance 14.5 billion capex plan.
Tags: years
three
italia
profit
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