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Telecom Italia ups cost-cutting target as Brazil drags down Q1 numbers

2016-05-16 02:00:00| Total Telecom industry news

Italian incumbent aims to record 1.6 billion in capex, opex savings by end-2018; names new TIM Brasil CEO.

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Telecom Italia offers EUR 820 mln in cash for Metroweb

2016-05-10 08:38:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has tabled a formal EUR 820 million all-cash offer to acquire Milan-based fibre provider Metroweb, according to an unnamed source cited by Reuters. Metroweb is currently owned by state-lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, with Swisscom subsidiary Fastweb also retaining a minority stake, and the report indicates Telecom Italia is prepared to buy 100 percent of the company or a two-thirds controlling stake. Telecom Italia's bid pits it against utility giant Enel, which has reportedly offered around EUR 400 million for the 54 percent stake in Metroweb owned by F2i, valuing the broadband provider at EUR 776 million.

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Telecom Italia makes offer for Metroweb - report

2016-05-10 02:00:00| Total Telecom industry news

Report says all-cash offer values the fibre network company at over 820m.

Tags: report offer makes italia

 

Telecom Italia lays 250 km of fibre per hour

2016-04-29 02:00:00| Total Telecom industry news

Italian telco says it has rolled out fibre network to 1,100 municipalities.

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Telecom Italia may swap Sparkle stake for Metroweb

2016-04-25 02:00:00| Total Telecom industry news

Italian incumbent reportedly in talks over deal that would ramp up Enel rivalry.

Tags: italia telecom swap stake

 

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