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Tag: telecom
Telecom Italia to explore sale of tower unit Inwit
2015-09-28 08:48:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has given its CEO a mandate to explore the sale of its mobile-phone tower unit Inwit, with Spain's Cellnex Telecom and Italian infrastructure fund F2i said to be among the interested bidders. "Telecom Italia will explore opportunities to enhance the value of the Inwit stake," said Telecom Italia in statement released after its board meeting in Rio de Janeiro. Inwit operates some 11,500 sites across Italy and the operator raised around EUR 875 million after selling a 40 per cent stake in the unit in an IPO held in June, retaining 60 percent of the company. Sources cited in a recent Bloomberg report suggested Spain's Cellnex Telecom was considering a bid for 30 percent of the tower unit, but CEO Marco Patuano later said there had been no contact with the Spanish operator over Inwit. In addition, Telecom Italia took advantage of the board meeting to confirm it had no plans to sell its 67 percent stake in TIM Brasil, saying it "expected to consolidate its long-term presence" in Brazil.
Tags: sale
unit
italia
explore
Telecom Italia explores towers sale, reaffirms LatAm strategy
2015-09-28 02:00:00| Total Telecom industry news
Italian incumbent once again insists that Brazil is a strategically important asset, remains committed to Argentina through sale process.
Tags: sale
strategy
italia
telecom
Telecom Italia wants to close Inwit sale or merger by year-end: sources
2015-09-26 17:42:35| Telecom - Topix.net
The board of Telecom Italia on Friday mandated Chief Executive Marco Patuano to explore ways to extract value from Inwit. The indebted Italian telecoms incumbent in June listed 40 percent of Inwit on the Milan stock exchange and since then shares have risen 22 percent.
Tags: close
sale
sources
italia
Sunrise Telecom Announces Common Share Transactions
2015-09-26 04:38:28| Electronics - Topix.net
Sunrise Telecom Incorporated announced today that a large existing shareholder of the Company recently purchased an additional 14.5 million shares of the Company's common stock from other shareholders in negotiated transactions at a price of $.0355 per share.
Tags: share
common
transactions
telecom
Sunrise Telecom Announces Common Share Transactions
2015-09-26 01:03:48| Telecom - Topix.net
Sunrise Telecom Incorporated announced today that a large existing shareholder of the Company recently purchased an additional 14.5 million shares of the Company's common stock from other shareholders in negotiated transactions at a price of $.0355 per share.
Tags: share
common
transactions
telecom
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