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Sawiris interested in Telecom Italia if Telefonica exits
2014-01-27 10:03:00| Telecompaper Headlines
(Telecompaper) Egyptian tycoon Naguib Sawiris would be prepared to invest in Telecom Italia on condition that the operator's largest shareholder, Telefonica, withdraws, reports Bloomberg, citing comments made by Sawiris in an interview. "I am still interested in Telecom Italia but only on two conditions: that Telefonica exits and that Telecom Italia does not sell Brazil," he said. Last year Sawiris made an unsuccessful offer to acquire a stake in the Italian operator for at least EUR 2 billion, but in the interview he declined to discuss how much he is willing to invest. However, he did add that "from a financial point of view, Telecom Italia still needs a massive EUR 3 to 4 billion capital increase." The Egyptian billionaire, who runs Orascom Telecom, made it clear that, in his opinion, Telecom Italia should hold onto its stake in TIM Brasil. "I think it's not good for Telecom Italia to dispose its stake in TIM Brasil," he said. "It does not make any sense to me, because it will reduce the carrier to a regional company only focused on Italy".
Tags: interested
italia
telecom
exits
Telefonica in talks to refinance five billion euros of debt
2014-01-24 16:51:09| Telecom - Topix.net
One of Europe's most heavily indebted telecoms operators is negotiating with creditors to lower the cost and extend the maturity of a 3 billion euro loan, three sources with direct knowledge of the deal said, confirming a report in Spanish business daily Expansion.
Telefonica, Orange back EC tech and startup initiatives
2014-01-23 13:13:00| Telecompaper Headlines
(Telecompaper) The European Commission has announced two initiatives aimed at nurturing Europe's tech and digital startups into global internet companies and at the same time tackling the continent's unemployment problem. Telefonica and Orange are among the leading ICT companies, universities and financial institutions that have joined forces with the EC in setting up the projects: a new accelerator called the Startup Europe Partnership and a think tank called the European Digital Forum. The Startup Europe Partnership is an extension of the EC's Startup Europe initiative and will be led by the non-profit Mind the Bridge Foundation and Nesta, the UK's innovation foundation. The goal is to bring together the leading lights of Europe's entrepreneur and innovation industries, offering the opportunity for large corporations, startups and universities to connect and build networks. The European Digital Forum, meanwhile, is a digital economy think tank that will be led by The Lisbon Council in collaboration with Nesta. The idea behind the Forum is to give corporations, startups and other relevant players a voice in policy debates. Ultimately, it aims to become Europe's leading think tank and policy network on digital entrepreneurship.
Tags: back
tech
orange
initiatives
Telefonica plots 200m media pitch
2014-01-23 10:29:10| Telecom - Topix.net
Telefonica, the Spanish telecoms company, is preparing to launch a media planning and buying review across its estimated 200 million European business in the spring, including the 50 million UK account for O2.
Telefonica to cut jobs in Czech Republic this year
2014-01-20 01:00:00| Total Telecom industry news
Spanish operator's Czech unit will shed 10% of its workforce as streamlining process continues.
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