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Tag: telecom italia
Telecom Italia names new chairman to steady the ship
2019-10-22 02:00:00| Total Telecom industry news
Telecom Italia has announced that former Bank of Italy Governor, Salvatore Rossi, will become the company's new chairman with immediate effect. Salvatore will replace Fluvio Conti…read more on TotalTele.com »
Tags: names
italia
ship
chairman
Telecom Italia considering spin-off and IPO of data centres - report
2019-10-09 08:58:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) is mulling a possible spin-off and listing of its data centre business, according to an unnamed source cited by Reuters that confirmed an earlier report from Bloomberg. The intention is to put the business into a separate unit before launching an initial public offering at some point next year, said the report, adding that the move could value the business around EUR 1 billion.
Tags: data
report
italia
telecom
Telecom Italia revenues improve to 0.4% fall in Q2 on Brazil gains, rising ARPU
2019-08-02 09:06:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) reported a 0.4 percent year-on-year decline in second quarter revenues to EUR 4.5 billion on a comparable basis, an improvement on falls of 2.5 percent and 2.9 percent in the previous two quarters, helped by a 2.4 percent rise in service revenues at its TIM Brasil unit that partly offset a 1.2 percent decrease at its domestic unit. The company's EBITDA was EUR 1.9 billion in the second quarter, down 2.6 percent on an organic basis, though the margin inched up 0.6 percentage points to 42.2 percent thanks to cost containment initiatives.
Tags: improve
fall
italia
brazil
Telecom Italia activates 5G in Naples, targets over 300 localities by 2021
2019-07-05 15:00:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced the launch of commercial 5G services in Naples, the third city to receive the technology following last month's activation in parts of Turin and Rome, and revealed that it's targeting a total of 120 cities and 200 tourist destinations by 2021. In a statement, TIM said the 5G network offering initial speeds of up to 2 Gbps will be made available in another 6 major cities (Milan, Bologna, Verona, Florence, Matera and Bari) by the end of 2019. It also plans to cover 30 tourist destinations throughout Italy, 50 industrial districts and complete 30 dedicated 5G projects for large companies.
Tags: italia
telecom
targets
naples
Telecom Italia board looks to heal divisions
2019-06-20 02:00:00| Total Telecom industry news
Two of Telecom Italia's biggest shareholders have agreed to resolve their differences and work together to resurrect the company's performance. Telecom Italia's board has been divided between directors loyal to the company's biggest shareholder…read more on TotalTele.com »
Tags: board
italia
telecom
divisions
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