Vivendi seeks four Telecom Italia board seats

Reuters UK

PA) has asked to appoint four representatives to Telecom Italia's (TLIT.MI) board, the Italian telecoms group said on Sunday, as its top shareholder seeks a say over strategy.

JP Morgan has 7 percent of Telecom Italia as part of Telefonica bond deal

Reuters

The Spanish group signed a total return equity swap deal with JP Morgan that temporarily gives the U.S. investment bank the stake in Telecom Italia. In two years' time, Telefonica will be able to retrieve the shares from JP Morgan and hand them over to ...

Telefonica waives rights in Telecom Italia eyeing Brazil

Reuters

MC) has formally waived the voting rights associated with its stake in Telecom Italia(TLIT.MI) in order to comply with the demands of Brazil's telecoms watchdog Anatel and go ahead with a purchase of Vivendi's GVT (VIV.

Telefonica waives Telecom Italia voting rights

Total Telecom

Telefonica has formally waived its voting rights in Telecom Italia as part of its ongoing acquisition of Brazil's GVT. The move ensures the Spanish operator's compliance with rulings made by Brazilian regulator Anatel over the past few months.

Anatel OKs Telefonica to transfer Telecom Italia shares

Total Telecom

Anatel on Thursday gave the go-ahead to the second phase of Telefonica's acquisition of Brazilian broadband operator GVT - the transfer of shares in Telecom Italia and Telefonica Brasil to Vivendi. The Brazilian regulator noted that under the transfer ...

Telecom Italia Said to Favor All-Stock Bid for Tim-Oi Merger

Bloomberg

Telecom Italia wants an indication from Brazil's government and telecommunications regulator that they won't block a merger of Tim Participacoes SA (TIMP3) with Oi before it makes a move, the people said, asking not be identified because the ...

Telefonica, Oi, Claro Said to Plan $15 Billion Offer for Tim

Bloomberg

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Oi agreed to sell its Portuguese assets this week, paving the way for it to buy part of Tim. Oi, Brazil'ssmallest wireless provider, would add mobile users and gain access to better infrastructure after investing less than rivals in its network ...

Telecom Italia to assess possible merger of Brazil unit with Oi

Financial Times

Spains' Telefónica is acquiring GVT, the Brazilian broadband provider, from Vivendi for about $9bn and has been linked with a potential role in the purchase and break up of TIM Participacoes, in which Telecom Italia owns two-thirds. In September ..

UPDATE 1-Telecom Italia board may discuss Brazil options next week-sources

Reuters

MILAN, Nov 11 (Reuters) - The board of Telecom Italia could meet as early as next week to discuss options for its business in Brazil, two sources familiar with the situation said on Tuesday, as consolidation talk in the Latin American market heats up ...

UPDATE 3-Telecom Italia ready to explore tie-up with Brazil's Oi

Reuters

Telecom Italia CEO says "mandatory" to explore deal with Oi. * Brazil remains strategic, but sale of local unit possible.

Telecom Italia denies latest Brazil asset sale rumour

Total Telecom

The Brazilian press is once again reporting that TIM Brasil's rivals plan to buy it and split its assets between them, but yet again Telecom Italia has dismissed the rumours. "We have not received any offer," for TIM Brasil, Italian financial ...

TIM Brasil can survive as mobile-only operator – Patuano

Total Telecom

Telecom Italia chief executive Marco Patuano believes the company's mobile operation in Brazil can survive as a standalone entity for another five years.

Telecom Italia not in hurry for potential Brazil deal: paper

Reuters

Brazil is key for Telecom Italia as it struggles to compete in a saturated European market. TIM Brasil is the country's second-biggest mobile network operator, but it lacks the broadband networks of main rivals Claro, owned by Mexico's America Movil ...

Exclusive: Telecom Italia working on new investment plan for Brazil - source

Reuters

MILAN (Reuters) - Telecom Italia's (TLIT.MI) majority-owned Brazilian mobile firm is considering investing an extra 750 million euros ($948.31 million) over three years to improve its network, said a person with knowledge of the plan, as the company ...

Brazil's TIM hires Bradesco to gauge bid for rival Oi: source

Reuters

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A second source familiar with the situation said control of Oi could allow TIM to become Brazil's No. 1 integrated telecom operator.

Telecom Italia Activist Investor Favors Tim Merger With Oi

Bloomberg

Telefonica SA (TEF), a Telecom Italia shareholder, will give up a stake in the Italian carrier as part of its 7 billion-euro ($8.8 billion) agreement last month to acquire Brazilian broadband provider GVT from Vivendi SA.

Sawiris says still interested in Telecom Italia

Reuters

FRANKFURT (Reuters) - Egyptian tycoon Naguib Sawiris would invest in Telecom Italia (TLIT.MI) as long as the company kept its stake in Brazilian mobile operator TIM Participacoes (TIMP3.

UPDATE 4-Telecom Italia says Fintech asks for extension on Argentina deal

Reuters

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Telecom Italia board to examine Fintech's proposal Friday. * Argentine regulator has not yet decided on deal -source. * Deal completion deadline has already been pushed back twice.

Trujillo Is Said to Seek $9.6 Billion forTelecom Italia Bid

Bloomberg

Former Telstra Corp. Chief Executive Officer Sol Trujillo is seeking to raise as much as 7.5 billion euros ($9.6 billion) to bid for a stake in Telecom Italia SpA (TIT), according to people familiar with the matter. Trujillo has discussed the plan with .

No approval yet for Telecom Italia's sale of Argentine unit

Reuters

BUENOS AIRES (Reuters) - Argentina's competition watchdog has not yet decided whether to approve Telecom Italia SpA's $960 million sale of its Argentine unit to investment fund Fintech, a source at the regulatory body said on Wednesday.