Diving into the complex dynamics of the telecom industry, Telecom Italia (TIM) pushes forward with the sale of its fixed-line network to US-based KKR, forecasting considerable debt reduction. Yet, Vivendi’s discontent raises questions about ownership rights, stirring an interesting conflict.
Golden opportunity or a hasty gamble? KKR’s pursuit to acquire Telecom Italia’s anticipated NetCo has been met with challenges from Vivendi, TIM’s largest shareholder. Confronting the complexity of separate asset sales and the valuation tug-of-war, it’s clear there’s more to this story than meets the eye.
TIM explores offers for its Enterprise business, valuing the unit at over €6 billion, while the board evaluates bids for network assets. With the company’s gross financial debt nearing €32 billion, maximizing value is crucial. KKR emerges as a frontrunner, as anticipation builds for exclusive discussions lasting until late August or early September.
Verizon launches Verizon 5G Edge with Microsoft Verizon has partnered with Microsoft to introduce the aptly named Verizon 5G Edge with Microsoft Azure Stack Edge cloud computing platform, fulfilling their stated commitment when they announced their cooperation last October. The platform can provide corporate clients with an on-premises, private edge compute solution that supports the ultra-low latency necessary for real-time enterprise applications. The collaboration with Microsoft provides 5G Edge to companies, lowering latency at the edge and allowing important, performance-sensitive applications to respond more rapidly and effectively. Read more at: https://tinyurl.com/8bz3rwdf FCC warns about fake broadband subsidy website The Federal Communications Commission (FCC) alerted the public about the discovery of a website that fraudulently promised to enroll customers in the agency’s Emergency Broadband Benefit (EBB) Program and encouraged individuals who visited the site to take precautions against fraud. A website named WiFi Freedom USA mimicked the government’s sign-up page, offering…
EllaLink Ireland Ltd (EllaLink) has announced the appointment of the former Sparkle CEO Alessandro Talotta, and Alberto Horcajo, who has held senior positions at Telefonica’s Telxius, to its Board of Directors. EllaLink is a subsea cable project being built with advanced coherent technology and will initially offer 72 Tbps of capacity over a four fiber-pair system, helping to remedy the congestion currently plaguing North Atlantic traffic. By linking data centers in Madrid, Lisbon, Marseille, Fortaleza and Sao Paulo, EllaLink is expected to provide express subsea connectivity and offer the world’s first direct fiber pair between Europe and Latin America. Michael Dedieu, Chairman of the EllaLink board and managing partner at Marguerite, an infrastructure investment fund that is backing the project, commented, “We are delighted to welcome Alessandro and Alberto as new independent directors to the EllaLink Board. Their skills will greatly complement the current board’s expertise through the on-going construction…
