TIM, Italy’s primary telecommunications provider, has confirmed the completion date for the sale of its networks business. In a recent stock market filing, TIM announced that the deal with private equity firm KKR will close on July 1, as planned.
Accenture has announced its agreement to acquire Fibermind, an Italy-based network services company specializing in fibre, 5G network deployment, and infrastructure engineering. This acquisition aims to bolster Accenture’s capabilities and extend its network services to clients in telecoms, utilities, and transportation sectors.
Italian company Tessellis has announced plans to acquire Go Internet, aiming to bolster its presence in the business services sector. The deal, initially delayed, has now met all necessary conditions and is set to proceed with Tessellis acquiring over 30% of Go Internet following a Reserved Capital Increase scheduled for the end of the month.
Sparkle, Italy’s leading international service provider, has successfully landed its BlueMed submarine cable in Chania, Crete. The announcement was made during a press conference at the Italian Ambassador’s Residence in Athens, attended by key figures including Paolo Cuculi, the Italian Ambassador, and Dimitris Papastergiou, Greece’s Minister of Digital Governance.
Vodafone Germany is set to reduce its workforce by 2,000 in the next two years as part of a cunning organizational restructuring strategy. These significant shifts aim to transform the telecom titan into a “simpler, faster, leaner, and more powerful” operation.
TIM, the Italian telecommunications giant, encountered a significant drop in its share value following the announcement of an expected increase in net debt by over €1 billion due to the sale of its networks division. The company’s strategic initiative, dubbed the Free to Run plan, aimed at reducing debt through the sale, ironically led to a sharp decline in share prices, which plummeted further after the disclosure of financial details on Monday.
Delving into Wind Tre’s recent maneuverings with a proposed sale to EQT, marks another twist in the intricate telecommunications landscape. Initial strategies aimed to restructure the Italian operator’s fixed and mobile assets were fueled by intense competition. Yet, the hanging threads of existing network sharing agreements and a looming February deadline complications, streamed the planned transaction to an impasse.
In a significant development for Italy’s telecom landscape, WindTre has finalized an agreement to purchase OpNet, a renowned Italian Fixed Wireless Access (FWA) expert, for a deal worth €485 million. This acquisition not only enhances WindTre’s spectrum holdings but also integrates a pioneering 5G standalone network into its portfolio.
In a surprising turn of events, Vodafone has once again declined an enhanced merger proposal from Iliad for its Italian operations, despite the latter’s efforts to sweeten the deal. Iliad had revised its initial offer, made two years ago, in December, proposing a 50:50 joint venture that valued Vodafone Italia at €10.45 billion. This arrangement would have netted Vodafone €6.5 billion in cash and a €2 billion shareholder loan, with additional cash influx opportunities through a buyout option.
In a strategic move aimed at bolstering its standing in the realm of artificial intelligence (AI), Swiss telecommunications giant Swisscom has entered into a partnership with Nvidia. The collaboration, unveiled at the AI House Davos during the World Economic Forum, involves the creation of generative AI full-stack supercomputers utilizing Nvidia accelerators and AI software in Switzerland and Italy.
