Chinese hackers infiltrate U.S. telecom giants, have access to everyone’s phone, U.S. Senator Says
Republican Sen. Mike Rounds of South Dakota revealed Friday that Chinese state-sponsored hackers, known as Salt Typhoon, have infiltrated all major U.S. telecommunications companies, allowing them to monitor millions of Americans’ texts…
KKR working on bid for Telecom Italia’s submarine cable unit, sources say
By Elvira Pollina MILAN (Reuters) – KKR is working to present a new offer for Telecom Italia’s submarine cable unit Sparkle as the U.S fund presses ahead with due diligence on the…
Vivendi legal threat clouds Telecom Italia grid deal
By Elvira Pollina MILAN (Reuters) -Shares in Telecom Italia (TIM) slipped on Monday after investor Vivendi threatened a legal challenge to the former phone monopoly’s plan to sell its network grid in…
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…
Telecom Italia reviews KKR’s bid as rival plan emerges
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) directors will on Friday begin assessing a multi-billion euro bid for its fixed-line grid from U.S fund KKR, part of a government-backed plan…
Explainer-Why are European telecom firms selling assets?
By Supantha Mukherjee STOCKHOLM (Reuters) – Vodafone’s bid on Tuesday to sell its Spanish business is the latest move by European telecom firms trying to strengthen their financial health by divesting assets,…
KKR prepares binding bid for Telecom Italia’s grid as deadline looms
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TIM) landline grid by a deadline on Sunday as part of a…
US telecom agency says it could boost authority over Huawei, ZTE equipment
By David Shepardson WASHINGTON (Reuters) -Federal Communications Commission Chair Jessica Rosenworcel said on Thursday the agency’s proposal to reinstate net neutrality rules could give it new authority to force the removal of…
US Senate votes to give Democrats majority on telecom regulator
By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted Thursday to approve President Joe Biden’s nominee for a key fifth seat on the Federal Communications Commission (FCC), giving Democrats a majority…
Aussie telecom firms Telstra, TPG will not appeal block of asset transfer deal
(Reuters) – Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country’s competition tribunal’s decision to block an asset transfer deal between the two…
Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on Thursday,…
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 servicer QualTek enters bankruptcy to cut $307 million debt
By Dietrich Knauth (Reuters) – Telecommunications and power contractor QualTek Services Inc filed for bankruptcy on Wednesday, armed with a restructuring deal that could slash $307 million of the company’s $625 million…
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…
EU sanctions more individuals, telecom firm over rights violations in Iran
LUXEMBOURG (Reuters) -The European Union imposed sanctions on Monday on eight Iranians and a mobile telecommunications provider in its latest effort to target individuals and organisations it holds responsible for human rights…
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…
Biden Admin May Cut Off Chinese Telecom Giant Over National Security Concerns
Biden Admin May Cut Off Chinese Telecom Giant Over National Security Concerns Nino Cambria on January 31, 2023 The Biden administration is moving toward cutting off major Chinese telecommunications company Huawei from…
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,”…
U.S. telecom regulator launching new space bureau
WASHINGTON (Reuters) – The Federal Communications Commission (FCC) plans to create a new space bureau to address the growing number of satellite launches and policy issues, agency chair Jessica Rosenworcel said. The…
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…
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