TIM enters exclusive negotiations with KKR for its network assets sale, navigating regulatory hurdles and Vivendi’s opposition. Will the deal reach a successful conclusion?
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.
Telekom Austria advances in spinning off its towers business, appointing Ivo Ivanovski and Lars Mosdorf as future leaders. Tasked with preparing a Vienna listing in H2, the duo will oversee 12,900 towers potentially worth billions, enhancing Telekom Austria’s asset monetization.
OneWeb partners with Speedcast and F. Laeisz to launch a maritime connectivity service, providing hybrid satellite solutions to improve connectivity in remote polar regions, advancing the benefits of multi-path, multi-orbit technologies.
The CDP/Macquarie consortium reportedly withdrew their bid for TIM’s NetCo, leaving KKR as the sole contender. The uncertain outcome hinges on satisfying major shareholder Vivendi’s valuation expectations and resolving potential antitrust concerns, with a complex road ahead.
Vonage secures a Top Customer Sentiment Award for Contact Center as a Service from Metrigy, tied for the highest overall score among 27 providers. Praise includes technical features, reliability, integrations, and AI capabilities, highlighting Vonage’s innovative approach to customer engagement.
TIM’s CEO addresses concerns about ServiceCo’s sustainability after the potential spin-off of its network operations, highlighting unique businesses within, such as TIM Brasil, Enterprise, and Consumer. With ongoing NetCo sale negotiations, Telecommunications Italy seeks fair market value offers.
Nokia and Claro Colombia join forces to deploy a cutting-edge private 4.9G wireless network at Sociedad Portuaria Puerto Bahía, enhancing mission-critical connectivity and on-premises data processing. This collaboration aims to strengthen port operations, optimize logistics, and support Colombia’s most advanced multipurpose maritime terminal in its digital transformation journey.
Italian telecom giant TIM’s nine-year Power Purchase Agreement with ERG demonstrates a commitment to eco-friendly energy, sourcing 34% of its energy needs through PPAs, and targeting Net Zero emissions by 2040.
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