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Tag: mln
TIM sells media unit Persidera to F2i for EUR 240 mln
2019-06-05 09:11:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and publisher Gedi Gruppo Editoriale have announced a binding agreement to sell their stakes in broadcasting unit Persidera to Italian infrastructure fund F2i and EI Towers for a total of EUR 240 million. The deal to divest TIM's 70 percent stake and Gedi's 30 percent holding in the former Telecom Italia Media Broadcasting company remains subject to approval and involves the demerger of Persidera into two separate entities. It's expected to close in the final quarter of 2019.
Airtel Africa launches IPO in London, seeks to raise USD 750 mln
2019-06-04 10:44:00| Telecompaper Headlines
(Telecompaper) Airtel announced that its unit Airtel Africa plans to raise gross proceeds of USD 750 million through its listing on the main market of the London Stock Exchange. In a statement, the operator confirmed it was going ahead with the listing and would freely float at least 25 percent of shares in Airtel Africa, with a further 15 percent of shares made available under an overallotment option. Airtel Africa is also considering a listing of its shares on the Nigerian Stock Exchange.
Telstra to cut 6,000 jobs by end of FY19, take AUD 500 mln impairment charge
2019-05-29 10:01:00| Telecompaper Headlines
(Telecompaper) Australian operator Telstra has announced that "as a result of good progress on its T22 strategy", it expects to take a non-cash impairment and write down the value of its legacy IT assets by around AUD 500 million. Telstra also announced it is increasing guidance on its FY19 restructuring costs by AUD 200 million, as a result of bringing forward consultation on proposed job reductions.
KaiOS raises another USD 50 mln for 'smart' feature phone software
2019-05-22 16:11:00| Telecompaper Headlines
(Telecompaper) KaiOS Technologies, the maker of an operating system for 'smart' feature phones, has raised another USD 50 million in a series B round of financing. The round was led by Cathay Innovation, with continued participation from existing shareholders Google and TCL Holdings.
Tags: software
phone
feature
usd
Telecom Italia revenues down 3% in Q1, fibre clients soar to 6 mln
2019-05-21 08:55:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 2.9 percent year-on-year decline in revenues to EUR 4.47 billion in the first quarter of 2019, hit by increased domestic competition and the decision to close low-zero margin wholesale contracts at its international services arm Sparkle. The company's EBITDA for the quarter likewise fell, by 2.1 percent year on year on organic terms, to EUR 1.79 billion. However, the company said EBITDA was essentially flat on comparable terms and a substantial improvement on the 9.9 percent slump posted in the final quarter of 2018 thanks in part to a 1.7 percent rise in revenues at its TIM Brasil unit, coupled with cost reduction and a 6.5 percent decline in capital expenditure due to increased efficiency.
Tags: to
italia
clients
telecom
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