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Claro, TIM and Vivo enter exclusive talks to buy Oi mobile assets
2020-08-10 09:02:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi has granted the consortium formed by Telefonica Brasil (Vivo), TIM and Claro exclusivity in negotiations to sell its mobile business. They would also qualify as a 'stalking horse' bidder, with the right to top other bids received for the assets.
Tags: buy
enter
mobile
exclusive
TIM names Elisabetta Romano as new CEO of Sparkle
2020-08-07 09:32:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced the appointment of Elisabetta Romano as chief executive of Sparkle, the company's international services group. Romano replaces Mario Di Mauro, who resigned the previous day without giving a reason for his departure.
KKR offers TIM 1.8bn for minority stake in last mile grid
2020-08-03 02:00:00| Total Telecom industry news
The Italian government has long been hungry for TIM to consolidate its fibre business with that of state-owned Open Fiber, a move which would greatly increase efficiencies throughout the country. TIM, however, has been reluctant to do so and has repeatedly resisted government pressure…read more on TotalTele.com »
Telecom Italia unveils 'TIM Green' initiative, half-sized SIM cards
2020-07-31 14:45:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced the launch of a new initiative designed to reduce CO2 emissions via the marketing of eco-friendly products and services. The campaign, dubbed 'TIM Green', will start this summer with the sale of refurbished smartphones and a new 'green SIM'. The latter is half the size of existing cards, manufactured with 60 percent recycled plastic and comes in entirely biodegradable packaging, helping the company cut plastic consumption by around 13 tonnes per year.
TIM board to discuss KKR bid for stake in last-mile network
2020-07-31 12:04:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has confirmed the receipt of a binding offer from US private equity fund KKR for a minority stake in its landline (copper and fibre) network. In a brief statement, TIM said its board will discuss the bid in its 04 August meeting and subsequently provide details of the potential transaction. KKR has been in exclusive talks with TIM since February and has reportedly offered EUR 1.8 billion for a 38 percent stake in the FiberCop newco set up by the former incumbent for its last-mile network.
Tags: board
network
discuss
bid
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