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Telecom News

KKR considering TIM takeover

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The Italian telecoms operator TIM is evaluating the US investment group’s KKR expression of interest in acquiring the full capital stake of the company, a potential 11 billion euro transaction. The proposal was lodged by the US investment fund at a price of €0.505 per share, a 45.7 percent premium over the share’s closing price on Friday.   TIM described KKR’s expression of interest as “friendly,” with the goal of securing approval from TIM’s board and management. Telecom Italia said its board of directors met and addressed the fund’s interest in initiating a prospective public tender, which is subject to a four-week period of due diligence and clearance from the Italian government, that has veto power over the group’s purchase.   Although TIM is a private corporation, because it is considered a strategic asset for Italy, the Italian government has the right to decline any purchase that it believes would…

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fibre-optics connection
Telecom News

TIM brings high-speed connection to underserved areas

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TIM, also operating under the name Telecom Italia, is the largest Italian telecommunications services provider, offering telephony and mobile services as well as DSL data connectivity. The company has made every effort to maximize coverage in its fibre-optic rollout, bringing ultrabroadband to underserved areas and covering more than 2,000 districts in about 5 months. This increase in infrastructure is a key advancement in Italy’s growing need for connectivity in rural and sparsely populated areas across the country. As a result of this deployment, approximately 65% of households in these areas now have access to a high-speed connection, and in a short period, this initiative has taken an important step in bridging the digital divide in the country that TIM aims to fill by 2021. The fibre network currently covers 86% of the Italian population and it TIM aims to increase this figure to 90% by December, 2020. Although…

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Sparkle, Italy's leading international service provider, has successfully landed its BlueMed submarine cable in Chania, Crete.
Infrastructure

Sparkle’s BlueMed Cable Lands in Crete, Boosting Mediterranean Connectivity

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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.

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TIM encountered a drop in its share value following the announcement of an expected increase in net debt by over €1 billion.
Market Watch

TIM Faces Rising Debt After Networks Sale

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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.

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Last May witnessed CK Hutchison restructuring the mobile assets of its Italian operator, Wind Tre, with an aim to sell a 60% stake to EQT.
Market Watch

Unraveling the Canceled Wind Tre-EQT Infrastructure Deal

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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.

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