Vivendi Said Open to Sell Telecom Italia to Pursue Mediaset

Bloomberg

Vivendi SA is open to selling its 24 percent stake in Telecom Italia SpA to facilitate its plan to form a European media champion that would include Italy's Mediaset SpA, according to people familiar with the matter.

Enel challenges Telecom Italia with Metroweb bid

Total Telecom

Enel on Thursday submitted a formal offer worth €806 million for Italian fibre network operator Metroweb, putting itself in direct competition with Telecom Italia which has also tabled a bid, people familiar with the situation said. The information ...

UPDATE 1-Telecom Italia makes all-cash bid for Italy's Metroweb - source

Reuters

Milan-based Metroweb, currently owned by state-lender Cassa Depositi e Prestiti (CDP) and infrastructure fund F2i, would help Telecom Italia in its plans to roll out fast broadband across Italy. It would also put it in a stronger position versus Enel

Telecom Italia needs more time to decide on INWIT stake sale: board member

Reuters

MC) and Italian infrastructure fund F2i have presented binding offers for an INWIT stake, sources told Reuters. Asked whether the board had full confidence in Telecom Italia CEO Marco Patuano, Ben Ammar said there was "nothing negative for now, nothing ...

Vivendi ups Telecom Italia stake to just below bid threshold

Reuters

PA) has raised its stake in Telecom Italia (TLIT.MI) to 24.9 percent, just below the 25 percent threshold that would force it to launch a takeover bid, according to a filing with U.S.

Orange CEO says needs invite from Bollore to look at Telecom Italia

Reuters

CAIRO Orange Chief Executive Officer Stephane Richard has said he might look into the possibility of a merger deal with Telecom Italia if French billionaire Vincent Bollore invited him to, but does not think that would happen. Bollore is chairman and ...

Telecom Italia CEO says was never asked to sell Brazil business: paper

Reuters

MILAN Telecom Italia (TLIT.MI TLIT.MI ) Chief Executive Marco Patuano said he has never been asked to sell the company's Brazilian business, following reports that top investor Vivendi (VIV.

Heat is on Telecom Italia's CEO as Vivendi pushes on strategy

Reuters

Patuano, who started his career in Telecom Italia in 1990 straight after university and worked his way up through the ranks to become chief operating officer before taking over as CEO, has stepped up spending on faster fixed and mobile networks as the .

Telecom Italia CEO Said at Risk as Vivendi Seeks Revamp

Bloomberg

Telecom Italia SpA Chief Executive Officer Marco Patuano's position is being reviewed by Vivendi SA because the French media company is becoming impatient with his leadership after investing about 3.5 billion euros ($3.8 billion) in Italy's largest ...

UPDATE 1-Argentine regulator okays sale of controlling stake in Telecom Italia unit

Reuters

Telecom Italia agreed in November 2013 to sell its controlling stake in Telecom Argentina's holding company Sofora to Fintech, the investment vehicle of Mexican financier David Martinez, for $960 million.

Fintech launches bid for Telecom Argentina Class B shares

Reuters

Telecom Italia had agreed in November 2013 to sell its controlling stake in Telecom Argentina's holding company Sofora to Fintech for $960 million.

Vivendi buys further 1.4 percent of Telecom Italia, reaching 22.8 percent

Reuters

The filing with the U.S. Securities and Exchange Commission, dated Feb. 19, said Vivendi bought shares equivalent to 1.4 percent of Telecom Italia's ordinary capital last week, both on the market and through off-market transactions. here. The move ...

Telecom Italia's Tim Said to Cut 1000 Brazilian Jobs by March

Bloomberg

The Brazilian unit's reorganization will be discussed by the board of Telecom Italia on Feb. 15, when the company also reviews its 2015 financial figures and new business plan, the people said.

Vivendi says Telecom Italia's debt no obstacle to growth

Reuters

Asked whether Telecom Italia's net debt level of 27 billion euros was sustainable or whether the company needed to be recapitalized, the French executive said Vivendi did "not see the company's debt level as a disadvantage for its ability to invest and ...

Vivendi bought more Telecom Italia shares in Dec -filing

Reuters

Vivendi, led by Chairman Vincent Bollore, bought shares in Telecom Italia between Dec. 16 and Dec. 30 for 134.2 million euros ($147 million), the filing said.

Telecom Italia says not in contact with Oi

Reuters

MILAN Jan 8 Telecom Italia has held no contacts with Oi over the idea of tying up their Brazilian assets, a spokesman for the Italian phone group said on Friday. "There are no contacts, neither formal nor informal, with Oi," the spokesman said in a ...

Exclusive: Telecom Italia, Oi in talks as Brazil may ease rules - sources

Reuters

The board of Telecom Italia SpA (TLIT.MI), which controls TIM (TIMP3.SA), and Oi Chief Executive Officer Bayard Gontijo are leading the talks, ...

UPDATE 1-French businessman Niel sees Telecom Italia as predator

Reuters

In his first detailed comments since he invested in options that could hand him a stake of just over 15 percent in Telecom Italia, Niel told Italian daily La Stampa he was an industrial investor in the group and not a financial "raider". However, he ...

UPDATE 3-Vivendi wins four seats on Telecom Italia's board

Reuters

Vivendi wins vote to appoint four representatives to board. French group abstained from vote on planned stock conversion (Updates after vote to give Vivendi board representation). By Agnieszka Flak and Stefano Rebaudo. ROZZANO, Italy, Dec 15 ..

Vivendi wins four Telecom Italia board seats

Financial Times

A fight for influence at Telecom Italia escalated when its largest investor, French group Vivendi, won four board seats and blocked the conversion of savings shares into ordinary shares that would have diluted its stake.