Exclusive: Telefonica likely to back Telecom Italia cash call, eyes TIM sale

Reuters UK

MADRID/LONDON/MILAN (Reuters) - Spain's Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in ...

Telefonica CEO Pledges to Avoid Telecom Italia Job Cuts

Bloomberg

Telefonica SA (TEF) Chief Executive Officer Cesar Alierta pledged to avoid job cuts in Italy as the carrier boosts its influence in Telecom Italia SpA (TIT), according to two people familiar with the matter. Alierta met Italian Prime Minister Enrico ...

Telefonica reassures Italy over Telecom Italia's future

Reuters UK

The Spanish telecoms group reached a deal last month to start a gradual takeover of Telco, the investment vehicle that controls Telecom Italia, prompting a backlash from some Italian politicians and trade unions concerned about national security, job ...

 
Telecom Italia Is Said to Withdraw Network Spinoff Proposal

Bloomberg

Telecom Italia SpA (TIT) plans to terminate a proposed spinoff of its telephone network, removing an option to raise funds for debt reduction, according to three people familiar with the matter.

  

Telecom Italia and CDP still far from agreement on fixed line network

Reuters

MI) and state holding company Cassa Depositi e Prestiti (CDP) are still far from an agreement on an investment in the Italian phone group's fixed line network, Telecom Italia's top executive said in a letter on Monday. Telecom Italia's chairman Franco ...

Italy May Designate Telecom Italia's Access Network as Strategic

Bloomberg

Italy may designate telecommunication networks as strategic assets after Spain's Telefonica SA (TEF) agreed to boost its stake in Telecom Italia SpA (TIT), according to a draft of a decree that could be discussed at a Cabinet meeting today. Access ...

Telecom Italia will have full picture on spinoff by month's end

Reuters

Telecom Italia said on July 16 it wanted to secure favorable regulatory conditions before taking any steps forward in its plan to spin off its fixed-line network after the local regulator cut tariffs its rivals pay to access the grid.

Telecom Italia shares fall as regulations threaten turnround plan

Financial Times

Telecom Italia shares have fallen to a record low after the group revealed that the latest attempt to turn round its ailing fortunes has been put on hold while it waits for confirmation of regulatory policy.

UPDATE 1-Telecom Italia may abandon spin-off in tariff row-source

Reuters

Last Thursday regulator AGCOM approved lower fees for rivals to rent space on Telecom Italia's fixed-line copper network, sparking criticism from the former monopoly and praise from competitors like mobile carrier Vodafone that does not own fixed lines.

UPDATE 2-Telecom Italia network spin-off wins regulator's blessing

Reuters

"The broader and deeper the separation, the more significant the regulatory dividend," Angelo Marcello Cardani, president of regulator AGCOM ...

Telecom Italia Seeks to Spin Off Its Landline Grid

New York Times

Italy's telecommunications regulator may decide this coming week whether to support a proposal to rescue Telecom Italia, the troubled former telephone monopoly, by allowing it to spin off a stake in its landline grid, the largest in Italy.

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Telecom Italia Said to Face Regulatory Concern on Tariff Request

Bloomberg

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The Rome-based regulator, known as Agcom, is concerned that Telecom Italia's informal request to maintain the same pricing for renting “last-mile” access to the copper-wire network is unjustified, said to the people, who asked not to be named because ...

Telecom Italia agrees to separate fixed-line network

Financial Times

The company's board on Thursday voted in favour of plans to create a separate company that would own the copper and fibre-line network.

Telecom Italia board approves network spin-off plan

Reuters

May 30 (Reuters) - Telecom Italia said on Thursday its board had agreed to spin off its domestic fixed-line access network into a separate company.

  
Telecom Italia board to back network spinoff: sources

Reuters

MC), the largest investor in Telco, the shell company that controls Telecom Italia. But this would not be enough to block a separation.

Telecom Italia Is Said to Plan $13 Billion Fiber-Optic Spending

Bloomberg

Telecom Italia SpA (TIT) executives are planning 10 billion euros ($13 billion) in fiber-optic investments for its fixed-network unit, whose spinoff is expected to win board approval tomorrow, according to two people familiar with the situation.

Telecom Italia to Approve Network Spinoff, Societe Generale Says

Bloomberg

“Telecom Italia is confident that given the three efficiency programs that they have implemented, will allow them to hit their year end target, of net debt below 27 billion euros, and currently they are under no stress from the rating agencies,” the ...

Telecom Italia Is Said to Value Fixed-Line Assets at $18B

Bloomberg

Telecom Italia SpA (TIT), the carrier that is preparing a spinoff of its fixed-line assets, forecasts profit that could value the network at about 14 billion euros ($18 billion), based on internal documents seen by Bloomberg.

Telecom Italia delays decision on Hutchison merger talks

Reuters

Failure to tie up with a cash-rich partner like Hutchison or to sell a stake in its fixed-line network could force Telecom Italia to consider other ways to cut its 28.3 billion euros ($37.3 billion) of debt and fund costly network upgrades. Telecom ...

Italy's CDP says Telecom Italia must decide on network spin-off

Reuters

MILAN May 6 (Reuters) - Telecom Italia must make the first step and decide whether it wants to separate its fixed-line network into a new company, the chief executive of Italian state-backed fund Cassa Depositi e Prestiti (CDP) said on Monday.