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Tag: telecom italia
Telefonica waives Telecom Italia voting rights
2015-03-23 01:00:00| Total Telecom industry news
Spanish operator moves to comply with ruling from Brazil's Anatel that is linked to GVT deal.
Tags: rights
italia
telecom
voting
Telecom Italia posts EUR 1.35 bln profit, first since 2010
2015-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."
Telecom Italia earns first profit in three years
2015-03-20 01:00:00| Total Telecom industry news
Incumbent operator issues 2 billion bonds to help finance 14.5 billion capex plan.
Tags: years
three
italia
profit
Telecom Italia tower unit Inwit files for IPO
2015-03-17 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced that it has filed the application for an IPO of its tower unit Inwit with market regulator Consob. The company confirmed in a statement that it would retain a majority stake in Inwit after the listing of its shares on the Milan stock exchange. It added that the asset would be made up of 11,500 mobile phone towers and that the IPO would be coordinated by Banca IMI and Deutsche Bank. At the presentation of Telecom Italia's 2015-2017 strategy plan last month, company CEO Marco Patuano said the plan was to list Inwit before the summer in a bid to raise up to EUR 1 billion to cut debt and fund investments. Telecom Italia recently sold the mobile phone towers of its Brazilian unit TIM Brasil to American Tower Corp for close to the full targeted figure of EUR 900 million.
Telecom Italia tower unit files for share listing
2015-03-14 19:51:10| Telecom - Topix.net
Telecom Italia said on Friday its tower unit Infrastrutture Wireless Italiane had filed with the Italian market regulator to list its shares on the Milan bourse. In a statement, the Italian telecoms group said it will keep a majority stake in Inwit following an initial public offering which will be coordinated by banks Banca IMI and Deutsche Bank AG.
Tags: share
listing
files
unit
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