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…
Telecom operator VEON seeking sale of Russian operations
AMSTERDAM (Reuters) -Dutch telecoms operator Veon Ltd said on Wednesday it was seeking the sale of its Russian operations, which make up more than half of its revenue and earnings. The company…
Alleged Chinese Spies Charged With Conspiring To Obstruct Prosecution Of China-Based Telecom Giant
Alleged Chinese Spies Charged With Conspiring To Obstruct Prosecution Of China-Based Telecom Giant Bronson Winslow on October 24, 2022 The U.S. Department of Justice unveiled charges against two alleged Chinese spies Monday…
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…
‘Unacceptable Risk’: Biden Admin To Bar Chinese Telecom Giants From US Market
‘Unacceptable Risk’: Biden Admin To Bar Chinese Telecom Giants From US Market Bronson Winslow on October 13, 2022 The Federal Communications Commission (FCC) plans to ban telecommunication devices and video surveillance equipment…
Renault boss de Meo quits Telecom Italia’s board of directors
MILAN (Reuters) – Telecom Italia (TIM) said on Tuesday that Renault boss Luca de Meo had resigned as director at Italy’s biggest phone company to focus on the turnaround plan of the…
Brazil telecom towers auction expected to draw U.S. bids – report
SAO PAULO (Reuters) – American Tower Corp and IHS Holding may bid for 8,000 towers put on sale by Brazilian telecoms firm Oi SA in an auction in which infrastructure group Highline…
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…
Telecom Italia’s network boss expected to leave company
MILAN – The head of Telecom Italia’s (TIM) network is expected to leave after the summer, two sources said on Sunday, in a move that may further complicate the phone group’s plan…
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…
Mexican telecom firm Telmex and union reach contract agreement to raise salary 4.5% for some workers: govt
MEXICO CITY – Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, reached a contract agreement with its union to raise salaries up to 4.5% for some workers,…
Ethiopia’s state telecom launches 5G services in capital
By Dawit Endeshaw ADDIS ABABA – State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead of competition from new entrants in an industry that has…
France’s Iliad eyes Telecom Italia’s consumer services unit – sources
By Elvira Pollina and Mathieu Rosemain MILAN -Iliad is considering buying into Telecom Italia’s (TIM) domestic consumer services operations as part of the French phone group’s push to strengthen its Italian business,…
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…
CVC, other funds circle Telecom Italia’s service arm – sources
By Elvira Pollina and Giuseppe Fonte MILAN – CVC Capital Partners and rival private equity investors are looking at a potential investment into the services arm of Telecom Italia (TIM) under a…
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…
Exor increases stake in telecom operator Veon to more than 5%
MILAN – Exor, the holding company of Italy’s Agnelli family, has increased its stake in Dutch-based mobile network operator Veon to 5.08% as of March 3, documents published by the Dutch Authority…
Separatists in Indonesia’s Papua kill 8 workers at telecom tower
JAKARTA – Separatists in Indonesia’s easternmost region of Papua have killed eight technicians who were working on fixing a telecommunications tower in a mountainous area, security officials and a spokesman for a…
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…
Explainer-Why Europe’s mobile telecom market is ripe for consolidation
By Supantha Mukherjee and Elvira Pollina STOCKHOLM/MILAN – Talk of consolidation among European mobile carriers has grown louder with several executives voicing support as cut-throat price wars drive up debt and limit…
Vodafone under pressure to test Europe’s appetite for telecom takeovers
By Paul Sandle and Kate Holton LONDON – Vodafone boss Nick Read believes competition regulators have eased their opposition to takeovers; all that remains is to test the theory by triggering a…
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…
Breaking News
