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Telecom Italia SpA Sets New 12-Month High at $13.78
2015-10-31 02:58:13| Telecom - Topix.net
Telecom Italia SpA 's share price hit a new 52-week high during mid-day trading on Thursday , AnalystRatings.Net reports. The company traded as high as $13.78 and last traded at $13.77, with a volume of 78,685 shares.
Niel ups Telecom Italia stake to 15.1%
2015-10-30 09:06:00| Telecompaper Headlines
(Telecompaper) French billionaire Xavier Niel, founder of internet provider Iliad, has increased his holding in Telecom Italia to the equivalent of a 15.1 percent voting stake, according to a filing with Italian markets regulator Consob. Just a day after it emerged that Niel had an 11.2 percent holding in the Italian company, the latest Consob filing indicates that on 27 October the stake was increased to 15.1 percent via call option contracts and other long positions. Niel is now the second-largest shareholder in Telecom Italia behind French media conglomerate Vivendi, led by another French billionaire, Vincent Bollore, which earlier this week boosted in Telecom Italia to just over 20 percent of the company's ordinary shares. Although a 25 percent holding requires a mandatory takeover offer under Italian market rules, Telecom Italia CEO Marco Patuano sought to play down press reports about the increasing French presence in the Italian operator. "It doesn't strike me as financial speculation. I can't say if the two parties are working together or as rivals but don't think there's a liaison," he said.
Tags: italia
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Vivendi raises Telecom Italia stake over 20%
2015-10-26 08:38:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the company's ordinary shares. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to 15.5 percent in September and 19.9 percent earlier this month. In a statement Vivendi reiterated its intention to be a long-term shareholder of the Italian telecoms group and, more generally, to develop Vivendi's activities in southern Europe. The company is said to be looking for a wider platform for the distribution of content created by its subsidiaries such as Canal Plus and Universal Music Group in Italy.
Tags: italia
telecom
raises
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Vivendi's Telecom Italia stake creeps up
2015-10-26 01:00:00| Total Telecom industry news
French company increases its holding in Telecom Italia to 20.03%.
Tags: italia
telecom
stake
creeps
Telecom Italia resumes Metroweb broadband talks
2015-10-19 08:28:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has confirmed its intention to resume negotiations with Milan-based fibre-optic provider Metroweb on plans to roll out a broadband network throughout Italy. In a statement issued following a board meeting held on 16 October, the company said it had examined a new proposal put forward by the two shareholders of Metroweb state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI with regard to "the possibility of sharing a plan of investments in the FTTH (fibre-to-the home) network". No further details of the plan's content were released but unnamed sources cited by Bloomberg last week suggested that Telecom Italia's board would discuss a cash offer for an initial stake of 40 percent in Metroweb, subsequently boosting its holding to 60 percent and eventually reaching 100 percent over a five-year period. Telecom Italia chairman Giuseppe Recchi was last week quoted as saying that "Telecom Italia has always been open to Metroweb it has always been open to building a sustainable network for the benefit of the market and the country."
Tags: italia
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