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Inwit first-half revenues up 3.7% ahead of merger with Vodafone Towers

2019-07-30 08:55:00| Telecompaper Headlines

(Telecompaper) Telecom Italia's tower unit Infrastrutture Wireless Italiane (Inwit) reported revenues of EUR 195.9 million in the six months to 30 June, up 3.7 percent year on year, ahead of its merger with Vodafone Italia's towers subsidiary to create what will eventually become Italy's biggest tower company. Net profit for the period was down 1.3 percent to EUR 69.2 million, while comparable EBITDA was EUR 112.5 million, up 4.6 percent.

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TIM, Vodafone sign Italian towers merger, 5G partnership

2019-07-29 08:48:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) and rival Vodafone Italia have signed an agreement to merge their respective mobile tower infrastructure and to jointly deploy 5G networks in both urban and rural areas throughout Italy. At a presentation in Rome attended by TIM's CEO Luigi Gubitosi and his counterpart at Vodafone, Aldo Bisio, the partners said their boards had examined the commercial feasibility of the MoU announced in February and had agreed to extend their existing passive network sharing agreement with an active mobile network sharing deal that will enable them to more efficiently roll out new 5G technology over a wider geographic area and at a lower cost.

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Last week in telecoms: Vodafone wins on results and towers spin-off

2019-07-29 07:00:00| Telecompaper Headlines

(Telecompaper) It was business as usual in the European telecoms sector, last week. Earning season was well underway, with some mergers news. The Telecompaper Stock Index European Telecoms Services was up 1.2 percent in week 30, just about in step with the EuroStoxx 50 index (+1.3%). Vodafone (+13%), Tele Columbus (+11%) and Iridium (+9.6%) came out the winners. Two data centre shares were among the biggest losers, Digital Realty (-5.3%) and Equinix (-3.5%).

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Vodafone Idea loses over 14m subscribers, as share price tumbles on Q1 results

2019-07-29 02:00:00| Total Telecom industry news

India's biggest telco, Vodafone Idea, has shed 14.1 million subscribers in the first quarter of the current financial year, with the company's share price plummeting on some challenging financial results. Vodafone Idea blamed the decline on the introduction of service validity vouchers in the previous quarter…read more on TotalTele.com »

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TIM and Vodafone buddy up on 5G in Italy

2019-07-29 02:00:00| Total Telecom industry news

Telecom Italia and Vodafone have signed a network sharing agreement for their forthcoming 5G launches in Italy. The two companies will also collaborate to upgrade their respective fibre transmission networks, which take care of mobile backhaul functionality…read more on TotalTele.com »

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