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No Telecom Italia partnership talks underway Vivendi CEO

2015-11-03 09:12:00| Telecompaper Headlines

(Telecompaper) Vivendi will not be making an offer to take over Telecom Italia either on its own or with any other potential partner, according to the French media group's CEO Arnaud de Puyfontaine. "Since we increased our stake, there has been a lot of speculation of Vivendi playing on behalf of Orange...but it has never been on the agenda. There has not been any discussion between Vivendi and Orange," de Puyfontaine told the Financial Times. The Vivendi CEO was responding to French press reports suggesting that his company, currently Telecom Italia's largest shareholder with a 20.03 percent stake, had held talks with other investors, including Orange and Egyptian telecoms billionaire Naguib Sawiris over the Italian operator's future. Last week French entrepreneur Xavier Niel, founder of internet provider Iliad, increased his holding in Telecom Italia via options that could give him a stake of more than 15 percent in Telecom Italia. "The situation both for Niel and for Naguib Sawiris is the same answer: there has not been a discussion with them about Telecom Italia," said de Puyfontaine.

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Telecom Italia resumes Metroweb broadband talks

2015-10-19 08:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has confirmed its intention to resume negotiations with Milan-based fibre-optic provider Metroweb on plans to roll out a broadband network throughout Italy. In a statement issued following a board meeting held on 16 October, the company said it had examined a new proposal put forward by the two shareholders of Metroweb state-backed Cassa Depositi e Prestiti (CDP) and infrastructure fund FSI with regard to "the possibility of sharing a plan of investments in the FTTH (fibre-to-the home) network". No further details of the plan's content were released but unnamed sources cited by Bloomberg last week suggested that Telecom Italia's board would discuss a cash offer for an initial stake of 40 percent in Metroweb, subsequently boosting its holding to 60 percent and eventually reaching 100 percent over a five-year period. Telecom Italia chairman Giuseppe Recchi was last week quoted as saying that "Telecom Italia has always been open to Metroweb it has always been open to building a sustainable network for the benefit of the market and the country."

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Telecom Italia resumes Metroweb talks

2015-10-19 02:00:00| Total Telecom industry news

Fibre operator makes new proposal over joint FTTH investment as merger rumours resurface.

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Telecom Italia ready to reopen Metroweb talks - chairman

2015-10-09 09:13:00| Telecompaper Headlines

(Telecompaper) Telecom Italia is prepared to reopen negotiations on broadband rollout with Milan-based fibre-optic provider Metroweb, according to chairman Giuseppe Recchi. "Telecom Italia has always been open to Metroweb it has always been open to building a sustainable network for the benefit of the market and the country," said Recchi on the sidelines of a conference, according to Ansa. He went on to confirm that the company will discuss strategic operations at its next board meeting on 16 October.

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