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.
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TIM jumps aboard the European Green Digital Coalition
Italian operator TIM has thrown its hat into the ring with the European Green Digital Coalition, which purports to have the aim of ‘harnessing the potential of digital solutions to enable the green transformation.’
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.
TIM confirms its network head is in fact leaving
Having made a statement earlier in the week insisting network chief Stefano Siragusa was not leaving over internal disagreements, Italian operator TIM has announced today he is leaving ‘by mutual agreement.’
TIM bats away rumours its network head is leaving over ‘disagreements’
Italian telco TIM released a statement following rumours that its Chief Infrastructure Officer Stefano Siragusa is about to exit the firm due to disagreements.
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.
TIM reportedly plans an even split between NetCo and ServCo
It looks like Italian operator group TIM expects its restructure to be close to a 50-50 split of staff and debt into the resulting new companies.
Fastweb wins Italian state cloud project but TIM is still in the running
A consortium made up of Fastweb and hosting specialist Aruba has won the tender for the Italian cloud project, but rival bidder TIM still has a chance to match its offer.
Ericsson, TIM and Comau build experimental ‘factory of the future‘
Italian operator Tim, kit vendor Ericsson and automation/robotics firm Comau promise ‘innovative solutions for Industry 4.0 and smart manufacturing’ thanks to some 5G network slicing.
TIM job cuts could ultimately save a fortune
TIM has reportedly reached agreement with workers unions that will enable it to shed as many as 1,200 jobs, a move that will help it to shave a significant sum from its domestic staffing costs.
TIM signs MoU to merge fibre network with Open Fiber
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof.
TIM and Open Fiber pick up €3.4 billion in broadband funding
Italian telcos TIM and Open Fiber have won government funding worth a total of €3.4 billion to roll out high-speed fixed broadband to uneconomic areas of the country.
TIM CEO upbeat on imminent fibre merger despite delays
The boss of Italian telco TIM will soon broker a deal to merge its fibre network assets with those of rival Open Fiber, but admits it has not been smooth sailing.
TIM aims to hammer out single network deal this month
Italian operator group TIM has formally agreed to begin talks with CDP with a view to defining the terms of a merger with Open Fiber by the end of April.
More investors line up for a piece of TIM
TIM has received an approach from CVC Capital partners, which is looking to buy into its enterprise services business.
TIM bids for Italian cloud project as Iliad tears up its mobile market
TIM and its partners have submitted their bid in the tender for Italy’s cloud hub project, and it’s a tender they are likely confident of winning, given that they essentially designed it.
TIM to finally start takeover talks with KKR
TIM has instructed its chairman and chief exec to begin formal talks with KKR on the proposed takeover deal, but this story is a long way from its conclusion still.
KKR still wants TIM, but reportedly drops price
KKR is apparently still interested in acquiring TIM, but has reportedly shaved around a fifth off its original offer price.
TIM splits off network and sells towers
TIM plans to split its business into two separate legal entities, a move that will likely help it fend off a takeover bid from KKR.
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