Vivendi takes 15% stake in TI as part of “pragmatic” strategy

Vivendi confirmed it has taken a 14.9 per cent stake in Telecom Italia (TI), so replacing Telefonica as the Italian incumbent’s largest shareholder. It received a stake of 8.24 per cent in TI in exchange for 4.5 per cent of …

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Vivendi set to announce increase in TI stake in coming days – report

French media group Vivendi is likely to announce as soon as 23 June or 24 June that it is raising its stake in Telecom Italia (TI) to 14.9 per cent and may also have secured two board seats, according to Reuters. …

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Vivendi wants TI to exit Brazil – report

In its new role as a significant shareholder in Telecom Italia (TI), Vivendi wants the operator to sell its Brazilian business, TIM Brasil, and focus on its home market and southern Europe, according to a Bloomberg report. Vivendi is set to up its …

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Telco owners free to sell TI shares imminently – report

Members of investment group Telco, Telecom Italia’s largest shareholder, will be free to sell their shares in the company in the coming days, according to Reuters. Dissolution of the group is set to become effective after its four investors, Spain’s Telefonica …

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TI open to “several options” for towers business – reports

Following Telecom Italia’s decision to sell up to 40 per cent of towers business Inwit, CEO Marco Patuano said there are “several options on the table” for the unit, according to a Financial Times report. These include M&A deals with regional rivals to …

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Brazil’s Oi plans further disposals to chip away at debt

Even after closing the sale of PT Portugal, the CEO of Brazilian operator Oi is still looking for more ways to pay down debt, according to a Financial Times report. Selling part of the operator’s real-estate portfolio or doing the same …

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Telecom Italia could raise up to $1B from towers IPO

Telecom Italia (TI) revealed more details of the planned IPO of its towers business Inwit, which could see it raise up to $1 billion as it looks to upgrade its networks and grow its domestic business. The company is planning …

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Orange could buy smaller European operators – exec

The head of Orange’s European operations, Gervais Pellissier, said the company would be interested in acquiring smaller operators in the region, according to the Financial Times. This list could potentially include players like Telecom Italia, as well as Netherlands-based KPN …

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Vodafone Italia, Wind and Metroweb strike network deal

Vodafone Italia and Vimpelcom’s Italian subsidiary Wind have signed a letter of intent with Metroweb to jointly rollout fibre coverage, casting further doubts on Telecom Italia’s chances of landing the broadband unit. Telecom Italia had a takeover bid for Metroweb rejected …

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