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Telecom Italia stake gives Vivendi southern focus
2015-09-07 12:37:41| Telecom - Topix.net
Vivendi SA's investment in Telecom Italia SpA is the French company's first step in building a media group with a distinct focus in southern Europe, according to its chief executive officer, who doesn't rule out further boosting its stake in Italy's largest telecommunications provider. The owner of broadcaster Canal Plus and Universal Music Group fully supports Telecom Italia's management and its strategy, including the rollout of an ultra-fast broadband network that could help Vivendi distribute content, Arnaud De Puyfontaine said in an interview with Bloomberg Television in Cernobbio, Italy.
Tags: focus
italia
southern
telecom
Telecom Italia net profit down sharply in H1 to EUR 29 mln
2015-08-07 08:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a sharp fall in first-half net profit, to EUR 29 million from EUR 543 million a year earlier. The company was hurt by a range of one-time charges for restructuring, legal settlements and financial transactions. Telecom Italia said that without these one-times, profit would have reached EUR 650 million. The group's revenues were also down 4.3 percent from a year earlier to EUR 10.097 billion, with a 2.1 percent fall in Italy and 10.7 percent drop in Brazil. On an organic basis, excluding currency effects and changes in scope, revenues fell 3.3 percent. EBITDA dropped to EUR 3.633 billion from EUR 4.345 billion a year ago, and the margin fell to 36.0 percent from 41.2. Excluding the EUR 399 million in one-time charges, EBITDA was down just 5.0 percent, with a margin at 39.9 percent. Operating cash flow declined to EUR 701 million from EUR 1.044 billion, hurt by the cost of renewing the GSM licence in Italy and investments in new services. Adjusted net financial debt reached EUR 26.992 billion at the end of June, up by EUR 341 million from the end of 2014, as income from the Inwit IPO and towers sales was offset by higher costs for real estate and towers leases.
Wind/3 tie-up raises question of excess spectrum Telecom Italia CEO
2015-08-07 02:00:00| Total Telecom industry news
Marco Patuano expects regulatory authorities to approve Italian consolidation, presents 1H numbers.
Tags: question
italia
ceo
excess
Wind, 3 Italia agree 50-50 merger
2015-08-06 14:38:00| Telecompaper Headlines
(Telecompaper) Vimpelcom and CK Hutchison have reached an agreement to merge their Italian operators Wind and 3 Italia into a 50-50 joint venture, creating Italy's largest mobile operator. The companies first confirmed the merger talks in May and have now reached an agreement on the structure and management. The deal sees Italy the latest market to go from four to three mobile operators. The merger entity will have just over 31 million mobile customers and 2.8 million fixed customers, with annual revenues of around EUR 6.4 billion. The owners expect to realise savings of at least EUR 5 billion on operating and investment costs thanks to the merger.
Tags: agree
italia
wind
merger
Telecom Italia considering wholesale reorganisation - report
2015-08-05 08:55:00| Telecompaper Headlines
(Telecompaper) Telecom Italia may carry out a reorganisation of the unit that leases its landline network to rivals to avoid antitrust damages of up to EUR 4 billion, according to unnamed sources cited by Bloomberg. The plan would involve folding the OpenAccess unit that guarantees equality of access to rival operators, into Telecom Italia's wholesale business. The measure is modelled on what the BT Group has done in the UK with its network arm Openreach, said the sources. Telecom Italia's board is set to review the plan at its 06 meeting. The move comes after Italy's Council of State upheld a EUR 104 million antitrust fine against Telecom Italia in May, a ruling that paves the way for a new round of antitrust and civil litigation on the grounds that the former incumbent is continuing to abuse its dominant position in fixed-line network infrastructure. Vodafone and Fastweb are seeking EUR 1 billion and EUR 1.7 billion in damages respectively, with the total figure amounting to over EUR 4 billion, according to Italy's competition authority AGCM.
Tags: report
italia
wholesale
telecom
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