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Last week in telecoms: M&A developments at TIM, Forthnet, others boost TP stock index

2018-04-09 08:01:00| Telecompaper Headlines

(Telecompaper) The European telecoms sector had a positive week. The Telecompaper telecoms index rose by 1.1 percent during week 14, just shy of the EuroStoxx 50's gain of 1.4 percent. Satellite company Intelsat (+36%) and Greek challenger Forthnet (+18%), a takeover candidate, were the biggest winners. TIM (+11%) benefitted from an ongoing battle for its management, with CDP buying a 5 percent stake and Elliott raising its stake to 10 percent.

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Italian state bank confirms intention to buy 5% TIM stake

2018-04-06 08:21:00| Telecompaper Headlines

(Telecompaper) Italian state lender Cassa Depositi e Prestiti (CDP) announced that its board approved a plan to acquire a stake of up to 5 percent in Telecom Italia (TIM) at a current market price of around EUR 600 million with a view to safeguarding the country's interests in a company regarded as strategic and whose leading shareholder is France's Vivendi, with a stake of just under 24 percent. "Such an investment falls under CDP's mission of supporting national strategic infrastructures and aims to help ... the company's development path ... in a crucial sector," said the bank, according to Reuters.

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Italian government to buy 5% stake in TIM

2018-04-05 02:00:00| Total Telecom industry news

Italy's state lender is to purchase a 5 per cent stake in Telecom Italia (TIM), according to a report by Reuters.  Three separate sources told Reuters that the move was intended to strengthen the Italian government's influence in a strategically important company…read more on TotalTele.com »

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Facebook's Zuckerberg fires back at Apple's Tim Cook

2018-04-02 19:59:01| BBC News | Business | UK Edition

Mark Zuckerberg says it is "extremely glib" to suggest Facebook does not care about its users.

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TIM notifies regulator of plan to spin off fixed network

2018-03-28 09:20:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has notified Italian communications regulator Agcom that it has formally begun the procedure to spin off its fixed access network and create a separate legal entity (Netco) that's 100 percent controlled by the operator. In a statement, TIM said Netco would have its own assets (access network infrastructure, from the exchange to customers' homes, as well as buildings, electronic equipment and IT systems) and the personnel necessary to provide wholesale services independently. "The model will guarantee full equality of treatment thanks to a single access point; a "one-stop shop" for regulated and unregulated wholesale services for all operators, including TIM," said the company.

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