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Open Fiber approves EUR 3.5 bln funding deal for broadband rollout

2018-04-16 08:41:00| Telecompaper Headlines

(Telecompaper) The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender Cassa Depositi e Prestiti (CDP) announced the signing of a EUR 3.5 billion seven-year agreement with a number of banks to support its broadband rollout, confirming earlier reports. The company signed the project finance deal with BNP Paribas, Societe Generale and UniCredit, describing it as one of the largest agreements of its type at a European level in the telecommunications sector.

Tags: open eur deal funding


Spain to bring fibre to all by 2021 in EUR 525 mln investment

2018-03-22 09:18:00| Telecompaper Headlines

(Telecompaper) Spain's President Mariano Rajoy has announced a new project, dubbed "Plan 300x100", to bring fibre-optic broadband access to all localities and 95 percent of the population by 2021 in a total investment of EUR 525 million. Although significant private investment from Telefonica, Vodafone, Orange and Masmovil has helped Spain create Europe's largest fibre to the home (FTTH) network, already covering 76 percent of the country's population (more than Germany, the UK and Italy combined), the government has now committed to bringing fast broadband to all underserved areas as well as 300Mbps fibre to all population centres over the next 4 years.

Tags: eur bring spain investment


Telenor to sell east Europe mobile operators to Czech PPF Group for EUR 2.8 bln

2018-03-21 08:46:00| Telecompaper Headlines

(Telecompaper) Telenor has agreed to sell its mobile operators in Hungary, Bulgaria, Montenegro and Serbia to Czech investment group PPF for EUR 2.8 billion. PPF already owns the Czech operator O2 and is buying Bulgarian TV group Nova from MTG. 

Tags: group mobile sell eur


Vivendi sells entire stake in Ubisoft for EUR 2 bln

2018-03-21 08:39:00| Telecompaper Headlines

(Telecompaper) Vivendi has announced that it has entered into agreements to sell its 27.27 percent stake in games developer Ubisoft, amounting to 30,489,300 shares, for EUR 2 billion. This interest was acquired over the past three years for EUR 794 million. As part of the deal, Vivendi will no longer be a Ubisoft shareholder and has committed to refrain from purchasing Ubisoft shares for a period of five years. The move follows speculation last year that the company could face a possible hostile bid from Vivendi, despite opposition from the Guillemot family (founder and minority shareholder of Ubisoft).

Tags: eur entire sells stake


Telecom Italia agrees to network spin-off, posts Q4 sales up 2.8% to EUR 5.1 bln

2018-03-07 08:37:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) announced that its board of directors approved a plan to voluntarily separate its fixed access network, creating a legal entity (Netco) that's 100 percent controlled by the company. TIM said it will continue to own the access network (from the exchange up to customers' homes) and all the corresponding infrastructure (buildings, electronic equipment and IT systems), with the unit staffed appropriately to provide wholesale services independently. 

Tags: to sales posts network


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