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Algar Telecom and GIC may challenge TIM and Telefonica over Oi
2020-07-01 02:00:00| Total Telecom industry news
Last month, financially struggling Brazilian telco Oi officially put 100% of its mobile unit on the market, accepting bids worth ~$2.9 billion and above. At the time of the announcement, it seemed likely that the two major Brazilian operators…read more on TotalTele.com »
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TIM sells Inwit stakes to Ardian and Canson for EUR 1.6 bln
2020-06-25 08:59:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced the sale of direct and indirect stakes in mobile towers group Inwit to a consortium led by French private equity firm Ardian, confirming earlier reports. Under the deal, TIM said the Ardian consortium is acquiring 49 percent of a newly-formed holding company where it plans to transfer a 30.2 percent Inwit stake. TIM has also agreed to sell an up to 3 percent direct Inwit stake to a vehicle managed by Canson Capital Partners, meaning the operator will cash in a total of EUR 1.6 billion from the transactions.
Grillo calls Open Fiber 'failure', says CDP should lead merger with TIM
2020-06-23 09:44:00| Telecompaper Headlines
(Telecompaper) Beppe Grillo, co-founder of Italy's Five Star political movement, has called for state bank CDP to merge Open Fiber with TIM, in order to create a single national network. In a new blog post, he said the Open Fiber project led by CDP and Enel had been a "failure" and the network should be merged with TIM in order to achieve national fibre coverage.
Italian Government considers raising its stake in TIM
2020-06-23 02:00:00| Total Telecom industry news
In a bid to speed up the roll-out of ultra-fast broadband across Italy, the Italian Prime Minister Giuseppe Conte said on Monday that the state might consider raising its stake in TIM…read more on TotalTele.com »
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TIM, Vodafone sell joint 8% stake in Inwit towers unit for EUR 800 mln
2020-04-23 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and Vodafone Italia have sold an 8 percent stake in their jointly-owned towers company Inwit for a total of around EUR 800 million with a view to reducing debt. In separate statements, TIM and Vodafone each confirmed that they successfully completed the sale of 41.7 million shares of Inwit, equal to around 4.3 percent of the share capital, at a price of EUR 9.60 per share, resulting in gross proceeds to each company of around EUR 400 million.
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