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Telecom Italia investor group Telco confirms break-up
2014-06-27 08:48:00| Telecompaper Headlines
(Telecompaper) The Telco SpA investor group that controls Telecom Italia via a 22.4 percent holding confirmed in a board meeting held on 26 June that the 7-year pact is to be unravelled. All three Italian partners in the Telefonica-dominated group have taken the first opportunity to exit after an agreement reached last September gave them the right to unwind their interests starting on 15 June. "The Board acknowledged receipt of the notices received from shareholders Assicurazioni Generali SpA, Mediobanca SpA and Intesa Sanpaolo SpA on 16 June 2014, stating their intention to exercise their right to request the demerger of Telco under the terms of the shareholders' agreement," confirmed the group in a statement, adding that Telco will be dissolved as soon as regulators sign off on the plan. After the demerger Telefonica will remain the largest shareholder in Telecom Italia, with a direct stake of 14.77 percent, while Generali will have 4.3 percent and Mediobanca and Intesa Sanpaolo 1.6 percent each. Telco also approved its financial statements for the year to 30 April 2014, reporting a loss of EUR 952.5 million and confirming that it had written down its stake in Telecom Italia by EUR 830.5 million after the stock slumped.
Tags: group
italia
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telecom
Sprint, T-Mobile agree $2bn breakup fee
2014-06-16 02:00:00| Total Telecom industry news
Sources reportedly claim merged company will use T-Mobile brand, put John Legere in charge.
Tags: agree
fee
sprint
breakup
GVT to Oppose Tim Breakup as Owners Locked in Brazil Discord
2014-06-02 23:44:47| Telecom - Topix.net
GVT, the Brazilian broadband provider owned by Vivendi SA, said it would be ready to work with the government to stop competitors from breaking up the country's second-largest wireless carrier Tim Brasil.
Tags: owners
brazil
tim
locked
GVT vows to fight "unthinkable" breakup of TIM Brasil
2014-06-02 23:44:46| Telecom - Topix.net
The Brazilian broadband unit of France's Vivendi SA, GVT, on Monday decried the idea of breaking up rival TIM Brasil, urging regulators to kill a potential plan that would be "bad news to the consumer."
Ocean storms can influence sea ice break-up, warns study
2014-06-01 12:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Ocean waves larger than 3 metres in height can travel hundreds of kilometres below the ice before dispersing, scientists have shown. These higher waves have been gradually breaking up the surface of sea ice, highlighting the importance of monitoring sea storms. A New Zealand-led team has been running experiments off the coast of Antarctica, placing sensors along inward routes following the dispersal of the waves. At the ice edge, its quite noisy, Alison Kohout, leader of the team based out...
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