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Generali confirms plan to sell Telecom Italia stake

2014-06-12 02:00:00| Total Telecom industry news

Insurance company's planned exit could pave way for new investors or heightened tension between Telefonica and Brazilian antitrust watchdogs.

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Telefonica, Telecom Italia clash over Brazil situation

2014-06-02 02:00:00| Total Telecom industry news

Spanish incumbent reportedly still pushing for break-up of TIM Brasil.

Tags: situation italia brazil telecom

Generali looks to quit Telecom Italia investment group in June

2014-05-23 20:05:28| Telecom - Topix.net

Italian insurer Generali is looking to leave the investment grouping through which it jointly controls Italy's biggest phone group Telecom Italia as early as June, its chairman said on Friday.

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Telecom Italia sales fall 11.9% in Q1, eyes gradual recovery

2014-05-13 09:44:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported an 11.9 percent year-on-year fall in first-quarter revenues to EUR 5.19 billion, hurt by negative exchange rate effects in Brazil and a weaker domestic market. EBITDA declined 8.4 percent to EUR 2.20 billion, and EBITDA margin increased to 42.4 percent from 40.8 percent a year ago. Net profit dropped to EUR 222 million from EUR 364 million in the year-earlier period. Adjusted net debt came in at EUR 27.53 billion, slightly down on the figure of EUR 28.77 billion reported on 31 March 2013 but EUR 722 million higher than the EUR 26.81 billion reported in the previous quarter. Telecom Italia said the results were in line with its plans and confirmed expectations of a gradual recovery. "As a whole we are in line with our plans and targets, which see a progressive acceleration in year-on-year recovery," said CEO Marco Patuano. In his first 6 months as CEO, Patuano has sold Telecom Italia's Argentine unit, scrapped a dividend and announced the sale of wireless towers in Italy and Brazil. Last month he teamed up with Sky Italia on an IP-based TV service to attract broadband subscriptions. "The content agreement with Sky will allow us to immediately make premium offers available to our customers, starting with the broadcast of the FIFA World Cup on mobile devices," said Patuano.

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