Telecom Italia moves to sell minority stake in its enterprise arm
Telecom Italia hopes to pay off its debts by selling a minority stake in its enterprise arm.
Telecom Italia (TIM) wants to sell a minority share in its enterprise service arm. The step was taken to revamp the biggest phone company in Italy, CEO Pietro Labriola said.
Telecom Italia is under m... Read more
Italy’s Colao open to single network if competition is maintained
The merger of two national telecom providers could be greenlit if competition is preserved, he says.
Italy wants a stronger national telecoms network, Vittorio Colao said on Saturday. The Innovation Minister added this could be achieved by merging Telecom Italia (TIM) and Open Fiber assets under... Read more
Telecom Italia seeks €25 billion valuation
The valuation is critical to the group's strategic aim to restructure its operations.
Telecom Italia (TIM) is looking to obtain a valuation of at least €25 billion for its grid under a plan to separate fixed-line assets from its services arm, according to a report in Reuters.
In May, source... Read more
Telecom Italia secures €725 million tender for 5G rollout
On Monday, the ministry for technology innovation and digital transformation announced that Telecom Italia has won a federal tender for implementing 5G networks.
Telecom Italia is a telecommunications, internet and cloud services provider. Domestic activities include retail and wholesale voice a... Read more
Telecom Italia wants 20 billion euros for its land line network
The funds will be used to reduce the group's massive debt.
Telecom Italia SpA is seeking an enterprise value of around 20 billion euros ($21.5 billion) for the landline network it plans to sell to Italy’s state lender (CDP) and a group of international funds, according to reporting by Bloomber... Read more
TIM and CDP agree a single network plan for Italy
The national telecom provider and the Italian state investment agency have agreed to combine networks.
Telecom Italia (TIM) and Italian state investor CDP have signed a preliminary agreement to combine the phone group's fixed network assets with those of state-owned broadband rival Open Fiber, a... Read more
TIM drops KKR to court a local Italian offer via CDP
The telco has started moving towards a possible combination with a smaller Italian rival.
This week Reuters reported that Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP. The agreement is to start formal talks on potentially combining the phone group's ne... Read more
Telecom Italia open to network spinoff as CEO weighs options
The new boss has a broad mandate to make changes and pursue new areas of business.
Telecom Italia (TIM) this week opened the door to a spin-off of its prized infrastructure assets, according to a report in Reuters. TIM, which is wrestling with shrinking revenues in its hyper-competitive domestic... Read more
Telecom Italia actively pursues 34 billion euro buyout offer from KKR
Telecom Italia is taking the steps required to respond to a $38 billion (€34 billion) buyout offer from US investment company KKR. According to sources from Reuters, Telecom Italia has enlisted the help of banks to draw up business plans to follow up on KKR's interest.
In November of this year... Read more
KKR and CVC Capital want to buy Telecom Italia
But the "indication of interest" faces a series of hurdles on multiple sides.
Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, according to a report in Bloomberg News. Such a move would help share the financial burden for Eu... Read more