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Tag: italian
CK Hutchison mulling sale of USD 1 bln Italian tower portfolio - report
2018-10-15 13:56:00| Telecompaper Headlines
(Telecompaper) CK Hutchison is reviewing options for its portfolio of mobile phone towers in Italy, including a potential sale, according to unnamed sources cited by Bloomberg. The Hong Kong-based conglomerate took full control of Wind Tre earlier this year after acquiring Veon's 50 percent stake in the Italian operator for EUR 2.45 billion and is now looking to cut debt by divesting all or part of the tower assets, valued at around USD 1 billion, said the sources.
Hutch working on $1bn Italian towers sale
2018-10-15 02:00:00| Total Telecom industry news
CK Hutchison is considering offloading its mobile towers in Italy and could raise US$1 billion (€863 million) from the sale, according to news reports late last week. The telco, owner of Wind Tre…read more on TotalTele.com »
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Last week in telecoms: Italian auction taking a toll and Intelsat roaring ahead
2018-10-08 07:00:00| Telecompaper Headlines
(Telecompaper) Last week's telecoms news was dominated by two spectrum auctions, one in Finland and one in Italy. It resulted in generally lower shares prices, with quite a few stocks hitting a year low. Our European telecoms index lost 1.6 percent in week 40, the same as the EuroStoxx 50 index. But it didn't prevent Intelsal from reaching a new all-time high and a year-to-date gain nearing 900 percent.
Tags: week
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Italian 'Robin Hood' banker sentenced over 1m pilfered for the poor
2018-10-04 12:04:14| BBC News | Business | UK Edition
A bank manager who took 1m from his richest clients to give to the needy narrowly escapes prison.
Italian 5G tender comes to a close with EUR 6.55 bln raised
2018-10-03 08:42:00| Telecompaper Headlines
(Telecompaper) Italy's Ministry of Economic Development announced the completion of the national 5G spectrum tender, with the total amount raised after 14 days of competitive bidding coming to EUR 6.55 billion, more than USD 4 billion over the minimum reserve price of EUR 2.5 billion. The five companies vying for spectrum in the in 694-790 MHz, 26.5-27.5 GHz and 3.6-3.8 GHz bands Telecom Italia (TIM), Wind Tre, Vodafone, Fastweb and Iliad ended up offering some 164 percent more than the value of initial bids made on 11 September, due above all to the demand for spectrum in the 3.7GHz band, available from 01 January 2019, which raised a total of EUR 4.35 billion.
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