Italy

Vodafone commercial and strategy head to step down

UK operator Vodafone has announced its Group Chief Commercial Operations and Strategy Officer, Paolo Bertoluzzo, is going to step down after 17 years with the company to take a CEO role in Italy.

Abertis announces IPO of €3.5bn Cellnex Telecom subsidiary

Spanish infrastructure player Abertis has formally announced the IPO of its telecoms operations, a manoeuvre made possible by spinning it off to form the wholly-owned subsidiary – Cellnex Telecom – at the start of this month.

Vodafone Wallet to offer contactless card payments

Vodafone Wallet users will soon be able to make contactless card payments with their smartphones, the operator has announced. The telco has entered into partnerships with financial services firm Visa and transaction technology provider Carta Worldwide to offer the NFC SIM-based solution through the Vodafone Wallet app.

Telecom Italia reports first profit since 2010

Telecom Italia has posted its 2014 full year results showing the telco achieved profits for the first time in three years. This follows the operator’s recently announced three-year strategic plan, under which it plans to invest some €14.5 billion to modernise its network infrastructure.

Telecom Italia set to buy out broadcasting division

Telecom Italia has announced it is planning to buy out its media division of which it already owns 78%. The telco said the incorporation of Telecom Italia Media (TI Media), which has been publicly traded for over a decade, has been approved by board members on the basis of simplifying and rationalising the group structure.

Telecom Italia sells Brazilian towers, mulls tie-up with Oi

Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.

Sky shores up Italian, German holdings with £5bn pay TV blowout

UK-based media empire BSkyB created a multinational pay TV business on Friday with the £4.9bn acquisition of Sky Italia and a 57.4 per cent stake in Sky Deutschland. The move puts Sky in a leading position in the pay TV market in the UK, Italy and Germany.

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