je.st

Home › telecom italia

Tag: telecom italia

Telecom Italia board backs merger talks with Hutchison's Italian unit

2013-04-12 02:00:00| Total Telecom industry news

Deal would see Hong Kong company become leading shareholder in Italian incumbent.

Hutchison Whampoa eyes 29.9% of Telecom Italia - report

2013-04-09 11:35:00| Telecompaper Headlines

(Telecompaper) Hutchison Whampoa wants to acquire a 29.9 percent stake in Telecom Italia and said it will pay EUR 1.20 cash for the shares, Italian daily Il Messaggero reported. This is twice Telecom's Italia's current share price but equal to the valuation of the shares by the company's largest shareholder, the Telco consortium. Hutchison Whampoa's adviser Goldman Sachs sent a Memorandum of Understanding to Telecom Italia head Franco Bernabe on the proposal, the paper's sources said. This would make Hutchison the biggest shareholder in the Italian operator and forms part of talks to merge its unit 3 Italia with Telecom.

Tags: report eyes italia telecom

Telecom Italia confirms talks with Hutchison on 3 merger

2013-04-08 08:44:00| Telecompaper Headlines

(Telecompaper) Telecom Italia confirmed it has held preliminary talks with Hutchison Whampoa over a possible merger with 3 Italia. Telecom Italia said the talks were still at an early stage and it could not comment further. The topic will be discussed by the company's board of directors at a meeting scheduled 11 April, it said. The statement follows a request from the securities regulator Consob to clarify earlier media reports that Telecom and Hutchison were considering merging their mobile activities in Italy. Telecom Italia's TIM is already the biggest mobile operator in Italy with almost 35 percent of subscribers at the end of 2012, while 3 Italia had just over 10 percent of the market.

Tags: italia telecom talks merger

Telecom Italia to consider mobile M&A options - report

2013-04-05 09:22:00| Telecompaper Headlines

(Telecompaper) Telecom Italia's board plans to evaluate at its next meeting options to bolster the company's mobile business, including potential mergers and acquisitions, two people with knowledge of the matter told Bloomberg. One option that will be discussed at the 11 April gathering is a potential combination with Hutchison Whampoa's 3 Italia, one of the people said. While Telecom Italia could be interested in eliminating a competitor, the company doesn't want to spend cash on a deal and offering stock would dilute investors' interest, the person said. Italian paper La Repubblica reported that Hutchison is also considering the deal. It has hired Goldman Sachs to examine the possibility of merging 3 with Telecom Italia, the paper said without naming its sources. All the companies declined to comment.

Tags: report options mobile italia