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Agcom green lights Telecom Italia fixed network spin-off

2013-07-25 16:26:00| Telecompaper Headlines

(Telecompaper) Italian regulator Agcom has given the green light to Telecom Italia's preliminary proposal for spinning off its fixed network as an independent company. Telecom submitted the plan in late May, and Agcom officials met with the company to discuss the technical details. The regulator's evaluation focused on three themes: the services to be provided by the new company; the road map for providing 'equivalence of inputs' (EoI), ie the same services and quality to other wholesale customers as Telecom's retail activities receive; and the governance system for ensuring EoI. Agcom found that the proposal is in line with the guidelines from EU regulator Berec on unbundling, while noting this is only the first step in a process that must include all stakeholders. In September, the regulator plans to start a more in-depth analysis of the proposal and its implications for the wholesale access market. Telecom Italia earlier this month said it was suspending the plan, after Agcom approved a cut in wholesale broadband rates. It has since met with EU regulators over the proposals for a new recommendation on wholesale broadband and said it hopes to make a new decision on the spin-off by the end of this month.

Tags: network green fixed italia

 

Italy regulator gives OK to Telecom Italia network spinoff

2013-07-25 02:00:00| Total Telecom industry news

AGCOM waiting for confirmation on whether incumbent will go ahead with separation plan.

Tags: network italy italia telecom

 
 

Vivendi in Talks With Etisalat to Sell Maroc Telecom Holding

2013-07-23 16:43:13| Telecom - Topix.net

Vivendi SA is in exclusive talks to sell its stake in Moroccan phone company Maroc Telecom SA to Emirates Telecommunications Corp. for 4.2 billion euros as the French company sharpens its focus on media.

Tags: sell holding telecom talks

 

AT&T Inc. (T): In This Telecom, Yield Is Everything

2013-07-23 10:18:52| Telecom - Topix.net

After the tremendous gains during the first five months of 2013, I had to re-think some of my favorite dividend stocks.

Tags: is att yield telecom

 

Etisalat offers EUR 4.5 bln for Maroc Telecom stake

2013-07-23 09:31:00| Telecompaper Headlines

(Telecompaper) French conglomerate Vivendi and UAE-based operator Etisalat have entered into exclusive negotiations to finalise an agreement for the sale of Vivendi's 53 percent shareholding in Maroc Telecom. Etisalat's offer values the controlling stake at MAD 92.6 per share, resulting in proceeds for Vivendi of EUR 4.2 billion in cash, including the 2012 dividend of EUR 310 million. Including Maroc Telecom's net debt, the enterprise value for Vivendi's stake is EUR 4.5 billion, equal to 6.2x EBITDA. Vivendi said a final agreement still depends on consultations with works councils and an agreement between Etisalat and the Moroccan government, which is the other major shareholder in Maroc Telecom. Negotiations are also underway with Moroccan institutional investors that may invest in the operator. Pending regulatory approval, the companies aim to close the deal by the end of this year.

Tags: offers eur telecom maroc

 

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