Italy

Vodafone records 1H loss of £1.89bn

Vodafone has announced a loss of £1.89bn for the six months to the end of September 2012 on the back of write downs for its Spanish and Italian operations totaling £5.9bn. The international operator recorded a profit of £6.64bn for the same period in 2011 and chief executive Vittorio Colao said the 1H12 results reflected “tougher market conditions, mainly in Southern Europe”.

Italy LTE spectrum auction exceeds expectations

The Italian government has confirmed that the country’s LTE spectrum auction has closed with bids from the four local operators reaching in excess of €3.9bn, double the reserve price placed on the frequencies. The bidding process lasted just 22 days and saw bids from the main carriers: Telecom Italia Mobile (TIM), Vodafone Italy, Wind Comunicazioni (Wind Italy) and 3 Italia (H3G Italia).

Telenor takes LTE to Hungary

The Hungarian subsidiary of European carrier Telenor has tapped Chinese equipment vendor ZTE to build a 4G LTE network supporting multi mode and multi band services.

Droid hits European Milestone

The Motorola Droid, unveiled last week as the first Android-powered handset to use the version 2.0 firmware, is on its way to Europe under the guise of the Motorola Milestone.

Telecom Italia and 3 strike site sharing deal

Network sharing is becoming increasingly commonplace in the mobile industry, and Italian operators Telecom Italia and 3 Italia have taken tentative steps in that direction with the announcement of a co-siting agreement.

Telecom Italia outlines Eur5bn in cutbacks, savings

Italy’s Telecom Italia has announced plans to cut costs by around Eur2bn in 2009, as well as offload non core assets to the tune of a further Eur3bn. Part of the restructuring plan includes the slashing of a further 4,000 jobs in Italy. Under the Italian operator’s 2009-2011 plan, 40 per cent of the targeted […]

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