TelecomItalia

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Reuters - 19 hours ago

Telecom Italia sets Nov. 30 deadline in talks over subsea cable unit sale

Telecom Italia sets Nov. 30 deadline in talks over subsea cable unit sale MILAN, Oct 4 (Reuters) - Telecom Italia (TIM) TLIT.MI said on Friday it entered exclusive talks with Italy's Treasury and its partner Asterion to negotiate a binding offer for the telecoms group's subsea cable unit Sparkle by Nov. 30. Directors mandated TIM Chief Executive Officer Pietro Labriola to start talks with the Treasury-led consortium, the company said in a statement after a board meeting.

Reuters - 1 day ago

Italy - Factors to watch on October 4

Italy - Factors to watch on October 4 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases Q2 deficit/GDP ratio data (0800 GMT) and August retail sales data (1000 GMT).

Reuters - 2 days ago

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say MILAN, Oct 3 (Reuters) - Telecom Italia (TIM) TLIT.MI will hold a board meeting on Friday over a 700 million euro ($772 million) non-binding bid the telecoms group has received for its Sparkle subsea cable unit, two sources told Reuters on Thursday. On Wednesday, Italy's Treasury and Spanish fund Asterion submitted a joint bid for Sparkle.

Reuters - 2 days ago

Italy aims for just one fiber network firm to operate in country, Trsy official says

Italy aims for just one fiber network firm to operate in country, Trsy official says ROME, Oct 3 (Reuters) - Italy is aiming to have just one fiber network company operating in the country, a top Treasury official said on Thursday. Marcello Sala, in charge of managing policies for state-controlled firms, was asked at a Bloomberg event in Milan about the logic behind the Treasury's purchase this year, in a consortium led by U.S fund KKR KKR.N , of a stake in Telecom Italia's TLIT.MI fixed access

Reuters - 2 days ago

Italy - Factors to watch on October 3

Italy - Factors to watch on October 3 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Group of Seven (G7) leaders expressed "strong concern" on Wednesday over the crisis in the Middle East but said a diplomatic solution was still viable and a region-wide conflict was in no one's interest,

Reuters - 3 days ago

Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit

UPDATE 1-Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit Adds details on value of previous offer ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle.

Reuters - 3 days ago

Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund

BRIEF-Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund Oct 2 (Reuters) - KKR & Co Inc KKR.N : HAS RECEIVED FROM ITALY'S MINISTRY OF ECONOMY AND FINANCE, RETELIT, SUBSIDIARY OF ASTERION FUND, A NON-BINDING OFFER FOR PURCHASE OF SPARKLE PROPOSAL RECOGNIZES ENTERPRISE VALUE OF €700 MIL

Reuters - 3 days ago

ITALY'S ECONOMY MINISTRY AND ASTERION OFFER VALUES TIM'S SPARKLE AT 700 MILLION EUROS, EXPIRES ON OCT. 15

Italy, Spain's Asterion table 700 mln euro bid for Telecom Italia sub-sea cable unit ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle. The ministry is bidding together with Retelit, an Italian fibre network operator owned by Asterion.

Reuters - 5 days ago

Italy - Factors to watch on September 30

Italy - Factors to watch on September 30 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy's public debt will only start falling as a proportion of economic output from 2027 despite a more positive trend in addressing its significant budget deficit, the Treasury said in its multi-year fi

Reuters - 1 week ago

Telecom Italia CEO confident about sale of subsea unit

Telecom Italia CEO confident about sale of subsea unit TURIN, Sept 27 (Reuters) - Telecom Italia (TIM) TLIT.MI is confident about a planned sale of its submarine cable unit Sparkle, the head of the telecoms group said on Friday. TIM is looking to sell the unit to a Treasury-led consortium but an offer has not materialised yet. "I remain confident", Chief Executive Pietro Labriola told reporters on the sidelines of an event in Turin.

Reuters - 1 week ago

Italy - Factors to watch on September 27

Italy - Factors to watch on September 27 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy is targeting 1% economic growth this year and 1.2% in 2025 and has revised down its deficit goals as a proportion of gross domestic product (GDP) for both this year and next, sources said ahead of

Reuters - 1 week ago

Telecom Italia Says HY Servco Total Revenues At EUR 7.1 Billion

BRIEF-Telecom Italia Says HY Servco Total Revenues At EUR 7.1 Billion Sept 26 (Reuters) - Telecom Italia TLIT.MI : TELECOM ITALIA - TIM: BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AT JUNE 30, 2024 TLIT.MI TELECOM ITALIA- HY SERVCO TOTAL REVENUES AT EUR 7.1 BILLION (+3.5 YOY), SERVICE REVENUES UP 4.0% YOY AT EUR 6.7 BILLION TELECOM ITALIA- HY SERV

Reuters - 1 week ago

Italy - Factors to watch on September 26

Italy - Factors to watch on September 26 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy is negotiating with its domestic banks on the terms of a contribution from them to fund measures in the upcoming 2025 budget, the government told trade unions on Wednesday, according to people a

Reuters - 2 weeks ago

Italy's FiberCop to cut 1,300 jobs through early retirement scheme, sources say

Italy's FiberCop to cut 1,300 jobs through early retirement scheme, sources say MILAN, Sept 23 (Reuters) - Italian broadband network operator FiberCop plans to cut its workforce by 1,300 through a voluntary early retirement scheme, two sources with knowledge of the matter told Reuters. FiberCop representatives will discuss details of the plan with unions at meeting scheduled for Sept.

Reuters - 2 weeks ago

Italian utility Edison enters retail broadband market

Italian utility Edison enters retail broadband market MILAN, Sept 23 (Reuters) - Energy group Edison EDNn.MI said on Monday it would add fiber broadband services to its retail offer as Italian utilities vie for customers . A partial liberalisation of the domestic gas and power markets earlier this year has increased competition among Italian energy suppliers, prompting them to come up with new marketing offers.

Reuters - 2 weeks ago

Italy - Factors to watch on September 23

Italy - Factors to watch on September 23 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Companies such as banks, insurers and energy groups that made extra profits over the past 12-24 months could be subject to a levy of 1% to 2% to help strained public finances, Corriere della Sera report

Reuters - 3 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Tuesday: ** The U.S. Transportation Department said it had agreed to allow Alaska Airlines ALK.N to close on its $1.9 billion acquisition of Hawaiian Airlines HA.O , after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections.

Reuters - 3 weeks ago

JP Morgan restarts Telecom Italia coverage with 'neutral' rating

BUZZ-JP Morgan restarts Telecom Italia coverage with 'neutral' rating ** Brokerage JP Morgan (JPM) reinstates Telecom Italia (TIM) TLIT.MI with a "neutral" stance; price target of 0.27 euros ($0.3006) ** Brokerage doesn't see a more rational pricing environment once the Swisscom-backed Fastweb acquisition of Vodafone VOD.L Italia is completed ** "T

Reuters - 3 weeks ago

Davide Leone and Partners buys 10% of Telecom Italia savings shares

UPDATE 2-Davide Leone and Partners buys 10% of Telecom Italia savings shares Updates with share price in paragraph 4, background in 5-7, quote 12-13, graphics MILAN, Sept 17 (Reuters) - London-based investment fund Davide Leone and Partners (DL&P) said it had bought Telecom Italia (TIM) TLITn.MI savings shares and currently owned 10% of the total, eyeing a potential return to dividend payments.

Reuters - 3 weeks ago

Davide Leone and Partners buys 10% of Telecom Italia savings shares

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