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Telecom Italia to abandon fixed grid spin-off plan - report

2013-10-22 09:35:00| Telecompaper Headlines

(Telecompaper) Telecom Italia is to withdraw its plan to raise much-needed funds by spinning off its fixed network, reports Bloomberg, citing unnamed sources familiar with the matter. The plan, championed by former chairman Franco Bernabe, was initially approved by the board in May before a decision by regulator Agcom in July forced the company to put the project on hold. Telefonica's move gradually to increase its influence on Telecom Italia also slowed down the proposal to raise as much as EUR 14 billion through the network unbundling, with the Spanish operator said to prefer the option to raise around EUR 9 billion by selling off Telecom Italia's Latin American assets.

Tags: report plan fixed italia

Telecom Italia cans network spinoff plan

2013-10-22 02:00:00| Total Telecom industry news

Italian incumbent's plan to separate out fixed infrastructure lost its champion with resignation of former CEO Franco Bernabe, Bloomberg reports.

Tags: plan network italia telecom

U Alberta spin-off Forge Hydrocarbons commercializing pyrolytic lipids-to-hydrocarbons process

2013-10-14 18:30:30| Green Car Congress

Tags: process alberta forge hydrocarbons

SAIC's Board of Directors Approves Spin-Off of its Services Business

2013-10-10 03:56:00| Transmission & Distribution World

SAIC, Inc.'s Board of Directors has approved the separation of its technical, engineering and enterprise information technology services business. read more

Tags: services business board directors