Telecom Italia wrestles with Europe’s biggest COVID-19 dent
Telecom Italia (TIM) has released its latest financial results, revealing painful battle scars as European nations continue to fight the coronavirus pandemic.
Telecom Italia (TIM) has released its latest financial results, revealing painful battle scars as European nations continue to fight the coronavirus pandemic.
Disruptive French telco Iliad has reported 6.9% growth in consolidated revenues for the three months to March 31, but depressed device sales took some of the shine off.
Less than a month after completing the merger of their towers businesses, Vodafone and TIM have sold an equal chunk of it each to raise some cash.
Although Italian networks seem to be holding-up under the increased traffic, data from Opensignal and MedUX suggests there has been material levels of service degradation.
The towers transaction in between Telecom Italia and Vodafone has negotiated all the regulatory hurdles, while the Vodafone and TPG merger down under has gotten the US greenlight.
Aside from Italy, subscriptions grew slightly across the Three European footprint, though a 17% increase in total revenues should be taken with a pinch of salt.
AT&T has announced it will suspend download limits on its broadband products in response to the coronavirus outbreak.
Telecom Italia has reported its financial results for 2019, with Group revenues standing at €17.97 billion, a 5.1% year-on-year decline.
The Italian Antitrust Authority (AGCM) reckons operator TIM acted to restrict competition in certain parts of the domestic fibre market. TIM disagrees.
After announcing their intention to merge their tower businesses last July, TIM and Vodafone have had to wait nine months for the EU to give it a look.
Telecom Italia and Spanish bank Santander have entered into a joint venture to offer consumer banking products to Italian customers.
Telecom Italia, Fastweb, Vodafone and Wind Tre have been fined a total of €228 million after an investigation found the four telcos had co-ordinated price hikes for consumers in 2017.
The Italian competition authority, Autorita’ Garante della Concorrenza e del Mercato (AGCM) is intending to fine Facebook €5 million for ignoring its previous ruling.
Iliad’s Italian business unit has lodged complaints with Italian and European regulators regarding network sharing deals, but could these objections be effectively ignored?
Wind Tre and Fastweb have been attempting to take network sharing in Italy to a new level in recent months, but once again, Iliad has its objections.
Italian Media company Mediaset wants to merge its Italian and Spanish businesses, something that significant shareholder Vivendi opposes.
A trio of telecoms trailblazers managed to break the 2 Gbps barrier with 5G over 26 GHz, which is apparently a European record.
The Italian Government looks set to greenlight Huawei’s involvement in the market, while simultaneously criticising the increasing protectionist trends around the world.
The Italian Government is preparing to join the UK and France in taking a tougher tax stance against Big Tech with the introduction of a 3% sales tax.
The Italian Government is investigating Netflix after the streaming giant failed to file a tax return in the country.
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