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Vivendi studies feasibility of SFR spin-off

2013-07-29 08:59:00| Telecompaper Headlines

(Telecompaper) French telecom and entertainment conglomerate Vivendi has launched an internal feasibility study into how to spin off its French telecom subsidiary, SFR, without upsetting the group's credit rating or causing a fall in its share price, the Wall Street Journal reports. People familiar with the matter said such a deal could happen as early as autumn 2014. "De-consolidating SFR from the business would probably create value", said Vivendi CFO Philippe Capron said in a conference call with analysts after the group announced a deal to sell most of its stake in video game company Activision Blizzard. Capron added that a possible spin-off of SFR would be considered by the board "in due time".

Tags: studies feasibility sfr vivendi

Agcom green lights Telecom Italia fixed network spin-off

2013-07-25 16:26:00| Telecompaper Headlines

(Telecompaper) Italian regulator Agcom has given the green light to Telecom Italia's preliminary proposal for spinning off its fixed network as an independent company. Telecom submitted the plan in late May, and Agcom officials met with the company to discuss the technical details. The regulator's evaluation focused on three themes: the services to be provided by the new company; the road map for providing 'equivalence of inputs' (EoI), ie the same services and quality to other wholesale customers as Telecom's retail activities receive; and the governance system for ensuring EoI. Agcom found that the proposal is in line with the guidelines from EU regulator Berec on unbundling, while noting this is only the first step in a process that must include all stakeholders. In September, the regulator plans to start a more in-depth analysis of the proposal and its implications for the wholesale access market. Telecom Italia earlier this month said it was suspending the plan, after Agcom approved a cut in wholesale broadband rates. It has since met with EU regulators over the proposals for a new recommendation on wholesale broadband and said it hopes to make a new decision on the spin-off by the end of this month.

Tags: network green fixed italia

Italy regulator gives OK to Telecom Italia network spinoff

2013-07-25 02:00:00| Total Telecom industry news

AGCOM waiting for confirmation on whether incumbent will go ahead with separation plan.

Tags: network italy italia telecom

Telecom Italia suspends fixed network spin-off plan

2013-07-16 10:44:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has decided to suspend its plan to spin off its fixed network, following the recent regulatory decisions lowering wholesale broadband rates in Italy. In a meeting convened 15 July, the board examined the draft decisions by regulator Agcom and decided they resulted in uncertainties that could affect the feasibility of the fixed network separation plan. As a result the plan is suspended until the impact of the regulation can be evaluated. The Italian operator first announced the plan in May and was expected to sell a stake in the new network company to investors as part of efforts to reduce its debt. The suspension of the fixed network plan could help it revive talks to acquire mobile operator 3 Italia from Hutchison Whampoa. These talks were halted earlier due to difficulties valuing a stake for Hutchison in the new company pending the fixed network spin-off.

Tags: plan network fixed italia