TIM asks for more money for networks business
TIM wants its various suitors to improve on their offers for its networks business and is giving them another month to do so.
Telecoms.com
Italy
Sky blames economy for 1,200 Italy job cuts
Sky Italia has announced that it will shed a further 800 positions, on top of 400 already announced, as the economic crisis begins to bite.
Vodafone to slash a fifth of Italy workforce, union claims
Vodafone will on Monday present a plan to save costs at its Italian business that will result in the loss of 1,000 jobs, says Italian trade union Fistel CISL.
The race is on for TIM’s network as new bid lands
Italian operator group TIM has received a second offer for its network assets, this time from a consortium of CdP Equity (CDPE) and Macquarie, and that means the race is on.
TIM counter-offer could mean Italy single network is back on
Cassa Depositi e Prestiti (CDP) is working on a counter-offer for TIM’s network alongside existing investment partner Macquarie, according to Italian press reports.
De Puyfontaine resignation could bring Italy network plan closer
Vivendi CEO Arnaud De Puyfontaine has tendered his resignation from TIM’s board of directors, a move that could help smooth the way for some sort of resolution in Italy’s ongoing high-speed network debacle.
Italian government not wedded to single network
The Italian government this week made it clear that having a publicly-owned high-speed network covering the whole country is its end-goal, not necessarily bringing together the existing infrastructure into one single network.
Iliad and Wind Tre create wholesale mobile JV
Iliad and WindTre have formally announced the creation of their new wholesale venture Zefiro Net, an entity that will manage the supply of mobile infrastructure in hard-to-serve areas of Italy.
TIM finalises 4G coverage on Milan-Florence high-speed rail
A collaboration between all four Italian MNOs and the FS Group, led by Telecom Italia (TIM), has seen the completion of 4G coverage on high-speed rail line and tunnels between Milan-Florence.
Italian government cans existing single network plan
The Italian government has formally brought to a close the long-running plan to create a single fixed network from TIM’s assets and those of Open Fiber, but the story does not end there.
Italy reportedly mulling renationalisation of TIM network
The Italian Industry Minister has apparently said the privatisation of Telecom Italia was a mistake and wants to at least partially reverse it.
New TIM, CDP deal lets others into Italy single network plan
TIM, Cassa Depositi e Prestiti (CDP) and the various other stakeholders in the Italian single network project have signed an addendum to their five-month-old MoU which both amends it and removes the exclusivity clause.
Italy’s single network plan will have to be redrawn
Italy’s plan to create a single high-speed fixed network by merging TIM’s assets with those of Open Fiber is now unlikely to come together in its current form.
CDP readies TIM bid but valuation still an issue
With the Italian election now over, Cassa Depositi e Prestiti (CDP) is putting together an offer for TIM’s fixed network assets that will land in the next couple of weeks.
TIM’s future on hold until Italian elections and possibly beyond
Italian operator group TIM will have to wait longer for some clarity on its future, with any major moves likely on hold until after the country’s general election later this month.
PwC fined £1.75 million over BT audit following ‘fraud in its Italian operations’
Financial services firm PwC has been slapped with a fine by the Financial Reporting Council over its work in auditing BT, following the identification of fraud in its Italian operations.
France, Italy and Spain reportedly repeat calls for big tech to pay for EU networks
Three EU countries have made fresh calls that big tech firms such as Google, Meta and Netflix should help pay for European network infrastructure, according to Reuters.
Inwit and Open Fiber make joint rural FWA pledge
Italian tower company Inwit and compatriot fibre infrastructure player Open Fiber have agreed to provide fixed wireless access to over 600 under-served locations.
CVC denies new approach for TIM Enterprise, but bids will come
Private equity firm CVC Capital Partners has dismissed media reports that it has made an increased offer for TIM’s enterprise business.
TIM sort of clarifies details of company split
TIM has outlined more detailed plans to split its network operations from its services business, confirming recent reports that around half of its debt will go with the NetCo unit.
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