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Telecom Italia

Telecom Italia CEO Patuano resigns

Besieged operator Telecom Italia has been forced to admit it is in negotiations with CEO Marco Patuano over the terms of his expected resignation.

Telecom Italia profits hit by regulatory provisions

Italian operator Telecom Italia announced its numbers for the first half of 2015 and revealed it only just managed to stay in profit thanks to a €399 million provision against regulatory affairs.

Telecom Italia goes quadplay with Sky

Italian incumbent Telecom Italia (TI) has announced the introduction of the country’s first quadplay offering, by partnering with Sky to deliver TV content, internet, mobile and landline services.

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 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.

Telecom Italia to sell stake in Argentina unit

Telecom Italia has announced it is to sell 17% stake of its subsidiary, Telecom Argentina to New York-based investor firm Fintech. The Italian incumbent said it plans to sell Telecom Argentina’s holding company Sofora’s entire shareholding to Fintech once it has received regulatory approval from the Argentinian regulator SECOM.

Vivendi agrees Brazilian exit

French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.

Telecom Italia and AT&T both mull LatAm acquisitions

Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.

Telefónica to part with Telecom Italia after GVT purchase

Telefonica has announced it will completely exit from Telecom Italia once its deal to acquire GVT from Vivendi, as agreed last week, is finalised. This means an end to a period of tense relations between the Spanish and Italian operators as they have battled over the Brazilian arm of Vivendi, and the chance to create a stronger local unit to compete in the Brazilian market.

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