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Telecom Italia posts EUR 1.35 bln profit, first since 2010
2015-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."
Turkey to raise minimum EUR 2.3 bln in LTE auction
2015-03-18 14:34:00| Telecompaper Headlines
(Telecompaper) Turkey's telecommunications regulator announced a minimum reserve price of EUR 2.3 billion for 4G spectrum licences. The Information and Communication Technologies Authority will tender a total 390 MHz in the 800, 900, 1,800, 2,100 and 2,600 MHz bands in the auction. The successful bidders may pay for the licences in a single payment or in four installments every six months, plus interest, according to a decree from the cabinet published in the Official Gazette. Transport and Communication Minister Lutfi Elvan said earlier in March that the aim is for at least 90 percent of the population to have 4G coverage within six years, reported the Daily Hurriyet. The licence tender should be completed by the end of May, and the 4G services should start by the end of this year. In addition to the three existing operators Turkcell, Vodafone and Avea, the country aims to attract a fourth network operator in the auction. The fourth operator will be able to bid only for the 2,600 MHz band, but will be free from other operating obligations applied to the existing operators, the minister said.
Tags: eur
minimum
auction
turkey
Bain Capital to buy Blue Coat Systems for USD 2.4 bln
2015-03-10 15:18:00| Telecompaper Headlines
(Telecompaper) Enterprise security specialist Blue Coat Systems is being acquired by the private equity group Bain Capital. It will pay USD 2.4 billion to acquire the company from investor Thoma Bravo, which bought Blue Coat at the end of 2011 for USD 1.3 billion. During the past three years, Blue Coat has experienced strong market share and revenue growth in its major product lines and now counts 80 percent of the Fortune 500 as customers. The company has also made several acquisitions, extending its portfolio to advanced threat defense, security analytics and encrypted traffic management. Blue Coat said the new investor should help the company further accelerate its growth. The takeover is expected to close during the first half of 2015.
Tags: buy
systems
blue
capital
HP To Buy Aruba Networks for $3 Bln
2015-03-07 21:41:54| Wireless - Topix.net
HP said combining its wired switching portfolio with Aruba's mobility software and WLAN hardware will create a "potent combination" allowing the company to better meet the needs of The Aruba acquisition is HP's first major deal since October, when it announced that it was splitting into two entities: HP Inc. and Hewlett-Packard Enterprise. That transition, aimed at creating more flexible organizations focused on different markets, is expected to be completed by this fall.
Italian cabinet approves EUR 6 bln national broadband plan
2015-03-04 09:35:00| Telecompaper Headlines
(Telecompaper) The cabinet of Italian prime minister Matteo Renzi has approved the EUR 6 billion plan to accelerate the development of a national high-speed fibre network after a period of consultation with operators. Under the terms of the Strategy for Italian Broadband and Digital Growth 2014-20, operators will be offered a series of incentives to invest in upgrading their networks, above all in the south of the country, which will receive the bulk of the Italian and European structural and development funds. The aim is to go beyond the objectives of the digital agenda for Europe and bring high-speed broadband of 100 Mbps to 85 percent of Italy's population by 2020, rather than the European goal of 50 percent, as well as 30 Mbps broadband to all Italians. According to Italian communications regulator AgCom, less than 1 percent of Italians currently access the internet at speeds of 30 Mbps, compared to an EU average of 21 percent. The government said tenders to build the networks will be awarded on the basis of how fast the work can be carried out rather than the cost. Presenting the plan, state secretary to the prime minister's office Graziano Delrio denied recent reports that Telecom Italia would be forced to switch off its copper network and convert to fibre.
Tags: plan
national
eur
italian
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