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Regulator blocks Telecom Argentina sale, Telecom Italia says appeal planned

2015-10-16 02:00:00| Total Telecom industry news

AFTIC rules that Fintech lacks the experience to run Telecom Argentina; Telecom Italia insists it has plenty of time to push the deal through.

Tags: sale italia argentina planned

Telecom Italia Said to Work With Deutsche Bank on Tower Sale

2015-10-10 03:08:26| Telecom - Topix.net

Italy's largest phone carrier is working with the investment bank to accelerate the sale process, said two of the people, asking not to be identified because the information is confidential. Inwit shares have jumped more than 20 percent since their June debut in Milan, and Telecom Italia has retained a 60 percent stake.

Tags: work sale bank italia

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.

Tags: ready italia chairman telecom

Vivendi increases Telecom Italia stake to 19.9%

2015-10-06 11:04:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia from its current holding of 15.5 percent to 19.9 percent of the capital. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to just under 15.5 percent in September and has now raised that stake to just under 20 percent by spending EUR 3.054 billion on the market at a price of around EUR 1.14 per ordinary share. In a statement Vivendi said its new investment served to confirm its intention to support Telecom Italia over the long term and to develop its activities in southern Europe.

Tags: italia increases telecom stake