Explainer-What’s at stake in Telecom Italia grid deal?
MILAN (Reuters) – Telecom Italia (TIM) on Sunday approved the sale of its fixed-line network to U.S. private equity firm KKR in a deal that would make it the first telecoms group…
Vivendi-backed candidate faces rival for seat on Telecom Italia board, sources say
MILAN (Reuters) – Telecom Italia’s (TIM) leading investor Vivendi is facing a rival candidate in the race to fill a vacant seat on the former phone monopoly’s board, two sources briefed on…
Telecom Italia urged to call board meeting to name Vivendi candidate – sources
MILAN (Reuters) – Telecom Italia (TIM) is being urged by some directors to hold an extraordinary board meeting to name a candidate sponsored by top investor Vivendi to fill a vacant director…
Vivendi indicates ex-Leonardo chairman for Telecom Italia board-sources
MILAN (Reuters) – Telecom Italia’s top shareholder Vivendi has proposed Luciano Carta, a former chairman at Italian defence group Leonardo to fill a vacant seat on the former phone monopoly’s board, two…
Telecom Italia CEO says service business can stand on own two feet
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone entity and is expected to generate strong core profit this year. Chief…
Telecom Italia in talks with unions on up to 2,000 job cuts in Italy
MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the former phone monopoly efforts to…
Telecom Italia boosted by rival offer for landline grid
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) shares rose as much as 5% on Monday after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former…
Factbox-Who wants what in a reshaped Telecom Italia
MILAN (Reuters) – Leading Telecom Italia (TIM) investors will resume talks with Italian government officials on Thursday seeking to fix the former phone monopoly’s woes once and for all. Crippled by a…
Telecom Italia sounds out investor interest as govt reviews network options
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Telecom Italia (TIM) is exploring investors’ interest in buying into its assets, sources familiar with the matter said on Friday, as officials within…
Telecom Italia CEO sees scope for improving 2023, 2024 financial targets
MILAN (Reuters) – Telecom Italia (TIM) will likely improve its financial targets for the next two years, the head of Italy’s biggest phone group told top executives on Wednesday, according to a…
Fitch downgrades Telecom Italia to ‘BB-‘
(Reuters) -Ratings agency Fitch on Tuesday downgraded Telecom Italia’s credit rating to ‘BB-‘ from ‘BB,’ citing insufficient debt reduction in 2022. Fitch said its outlook for Italy’s biggest phone group was “negative,”…
Telecom Italia CEO met Meloni’s chief of staff on Wednesday – sources
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – The head of Telecom Italia (TIM) met a top aide of new right-wing Italian Prime Minister Giorgia Meloni on Wednesday, two political sources…
S&P downgrades Telecom Italia to ‘B+’ on weak macro environment
(Reuters) – S&P Global said on Friday it had cut the credit rating of Telecom Italia (TIM) to “B+” from “BB-” citing a weak macroeconomic environment. The credit rating agency said the…
Telecom Italia lifts profit outlook helped by cost cutting
MILAN – Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company’s Brazilian subsidiary in the second quarter. TIM…
Make or break: Telecom Italia to map out future after years of turmoil
By Elvira Pollina MILAN – The head of Telecom Italia (TIM) will set out his plans for Italy’s biggest telecoms company on Thursday, pinning his hopes on a break-up of the business…
Telecom Italia to get state guarantee for $2.1 billion loan – sources
By Giuseppe Fonte and Valentina Za ROME – The Italian Treasury is set to guarantee a 2 billion euro ($2.1 billion) bank credit line for Telecom Italia (TIM), three sources close to…
Telecom Italia, CDP start network talks as KKR bid falters
By Elvira Pollina MILAN – Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of…
Telecom Italia starts dialogue with KKR over bid terms
MILAN – Telecom Italia (TIM) this week began a dialogue with U.S. private equity fund KKR over a takeover approach which has been put on hold since last November, sources familiar with…
Telecom Italia to present standalone plan as KKR hovers
By Elvira Pollina MILAN – Telecom Italia (TIM) will this week set out its alternative to a 10.8 billion euro ($12 billion) takeover by U.S. fund KKR and also publish bleak annual…
Telecom Italia weighs sale of INWIT stake as workers stage strike
By Elvira Pollina MILAN -Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up its finances,…
Italy’s competition watchdog clears Telecom Italia fiber scheme
MILAN – Italy’s competition watchdog said on Thursday it had approved Telecom Italia’s unit FiberCop co-investment scheme aimed at boosting fiber rollout across the country. The watchdog said in a statement it…
Telecom Italia dismisses press report on new plan’s targets
MILAN – Italy’s former phone monopoly Telecom Italia on Sunday dismissed as “unfounded and harmful for the group” a newspaper report concerning financial targets in a plan new Chief Executive Pietro Labriola…
KKR ready to veto any Telecom Italia plan to carve out network – paper
MILAN – KKR could block any move by Telecom Italia (TIM) to carve out a network company by vetoing a transfer of last-mile landline unit FiberCop, La Stampa reported on Saturday. The…
Telecom Italia board to discuss network spinoff in slow-burn KKR drama
By Elvira Pollina MILAN – The board of Telecom Italia (TIM) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative to a…
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