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Vodafone sues Telecom Italia for abuse of dominant position

2013-08-05 09:15:00| Telecompaper Headlines

(Telecompaper) Vodafone Group is suing Telecom Italia for abuse of its dominant position in Italy, seeking damages of over EUR 1 billion, reports Reuters. A Vodafone spokesperson said the civil action in a Milan court stated that Telecom Italia committed a series of abuses in the period 2008-2013, "with the intention and effect of impeding growth in competition in the Italian fixed-line market". As a consequence, Telecom Italia caused a loss of customers to Vodafone Italia, restricted the operator's ability to grow its fixed-line business, and forced it to pay artificially high costs to compete in the market.

Tags: position abuse italia telecom

Vodafone sues Telecom Italia

2013-08-04 20:17:23| BBC News | Business | UK Edition

Vodafone has filed a lawsuit against Telecom Italia, claiming the Italian company abused its dominant market position.

Tags: italia telecom vodafone sues

Vodafone sues Telecom Italia for 1 billion euros in competition claim

2013-08-04 13:41:26| Telecom - Topix.net

British telecoms provider Vodafone Group is suing Telecom Italia for abusing its dominant position in Italy, seeking damages of more than 1 billion euros .

Tags: italia claim competition euros

Telecom Italia cuts outlook, to go ahead with fixed spin-off

2013-08-02 09:22:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a net loss for the first half of 2013 after writing down the value of its domestic operations. It also cut its outlook for EBITDA this year forecasting a steeper decline due to weakness in its home market. The net loss totaled EUR 1.407 billion, versus a profit of EUR 1.242 billion a year ago. Revenues fell 7 percent year-on-year to EUR 13.760 billion, with a 10.4 percent fall in Italy and negative currency effects on its operations in South America. EBITDA was down 10.6 percent to EUR 5.236 billion, and Telecom Italia said it now expects a "mid single-digit" decline for the full year, versus its previous outlook of a low single-digit drop. Adjusted net debt totaled EUR 28.813 billion at the end of June, little changed from three months earlier. The company still expects debt of less than EUR 27 billion by year-end and also reiterated its target for stable revenues over the full year. Telecom Italia said it has also decided to go ahead with the proposed spin-off of its fixed network into a separate company.

Tags: fixed italia ahead outlook