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Telefonica to exit Telecom Italia after GVT deal - chairman
2014-09-02 08:56:00| Telecompaper Headlines
(Telecompaper) Telefonica is set to exit Telecom Italia after it has finalised the acquisition of Vivendi's Brazilian broadband operator GVT, with a view to circumventing competition concerns in Brazil. "After the GVT operation the message is clear, we don't want to stay in Telecom Italia," commented Telefonica chairman Cesar Alierta at the XXVIII telecommunications and digital economy meeting held at Universidad Internacional Menendez Pelayo (UIMP) in Santander. Telefonica has been the dominant partner in the Telco SpA investor group that has controlled Telecom Italia for the past 7 years but the imminent break up of the holding has prompted questions about Telefonica's plans for the rest of its stake in Telecom Italia. It will still hold 8.3 percent of voting rights in the Italian operator once it completes a transaction announced in July to convert EUR 750 million of bonds exchangeable into Telecom Italia shares. Telefonica offered its Telecom Italia shares to Vivendi as part of its bid for GVT and last week confirmed that it expects the purchase to close in mid-2015.
Tags: deal
italia
exit
chairman
Telefonicas Brazilian buy will bring end to Telecom Italia saga
2014-09-02 02:00:00| Total Telecom industry news
Cesar Alierta confirms plan to exit the Italian operator following completion of GVT deal.
Telecom Italia in a bind after losing GVT bid battle
2014-09-01 01:06:27| Telecom - Topix.net
Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.
Tags: italia
bid
battle
telecom
Telecom Italia to push on with Brazil plans
2014-08-29 02:00:00| Total Telecom industry news
As Vivendi enters exclusive talks with Telefonica on GVT deal, Italian telco vows to keep investing in Brazil, but commits to 'disciplined approach' to strategy.
Tags: plans
italia
brazil
push
UPDATE 1-China Unicom, Telecom expand 4G network trials to 40 Chinese cities
2014-08-28 16:37:32| Telecom - Topix.net
China Unicom and China Telecom, the country's No.2 and No.3 mobile carriers, have received government approval to test their 4G high-speed networks in a total of 40 cities, up from 16 previously, they said on Thursday.
Tags: network
update
chinese
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