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Tieto agrees merger with Evry to form IT firm with EUR 3 billion revenue

2019-06-18 11:01:00| Telecompaper Headlines

(Telecompaper) Finnish software firm Tieto and Norwegian consultancy Evry said they have agreed to merge to form a digital services and software company with combined revenue of nearly EUR 3 billion and a workforce of 24,000 people. The combined company will be named TietoEvry and it will serve thousands of enterprise and public sector customers in more than 90 countries.

Tags: form eur firm revenue


German 5G auction ends with EUR 6.5 bln in total bids

2019-06-13 08:33:00| Telecompaper Headlines

(Telecompaper) The German Federal Network Agency said that the 5G auction has ended with EUR 6.5 billion offered in total by the four bidders, after 497 rounds of bidding.   

Tags: total eur german ends


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.

Tags: media eur unit tim


Telefonica launches EUR 8 a month 'Movistar+ Lite' OTT service

2019-06-04 15:28:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced the details of its first OTT platform for customers of all Spanish operators at an event in Madrid. The service will be called Movistar+ Lite and will be open to all customers and all devices on the market via a standalone app from 05 June. Movistar+ Lite costs EUR 8 a month, with the first month available for free and with no permanence clause. 

Tags: service month eur lite


United Group buys Tele2 Croatia for EUR 220 million

2019-06-03 08:44:00| Telecompaper Headlines

(Telecompaper) Tele2 has agreed to sell its Croatian unit for EUR 220 million to United Group, a cable and mobile operator in Southeast Europe. This is United's first acquisition in the Croatian telecoms market and marks Tele2's exit from the region and withdrawal to the Nordic and Baltic markets.

Tags: group united eur million


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