Vivendi has reduced its stake in Telecom Italia (TIM) from 23.8% to 18.4%, with plans for a full exit. Tensions arose over TIM’s €22 billion network sale to KKR, which Vivendi legally contested.
The Italian government’s recent approval of a stake swap transaction between Poste and Cassa Depositi e Prestiti (CDP) is reshaping Telecom Italia (TIM) ownership. Poste’s acquisition of CDP’s 9.8% TIM stake strategically enhances its position in Italy’s telecommunications market.
Iliad is eyeing a major merger with Telecom Italia, aiming to reshape Italy’s telecom landscape. The deal, likely a merger rather than a breakup, faces regulatory scrutiny due to its potential market dominance.
Telecom Italia (TIM) celebrates the successful sale of its fixed-line grid to the Optics BidCo consortium, led by investment firm KKR. This strategic move aims to reduce TIM’s significant net financial debt and marks a first in major European telecom history.
In a landmark verdict, Telecom Italia (TIM) resolves a decade-long license fee dispute. Awarded a €1 billion payout by the Italian Government, TIM’s victory prompts further scrutiny of the necessity of these fees post-privatization.
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.
Following an internal reorganization, Telecom Italia (TIM) has signed a non-disclosure agreement (NDA) with the state investment bank Cassa Depositi e Prestiti (CDP) to begin talks on a possible merger of its fixed network with the state-backed company Open Fiber. This initiative is aimed at reviving a long-standing goal to establish a single fiber network company in Italy. The notion of combining the networks of the two businesses to create a single national broadband network for Italy has been discussed for at least two years. The government-owned CDP, which has a 60% investment in Open Fiber and a 10% stake in TIM, has long advocated for such an alliance . The government has determined that establishing a unified network will allow for a faster rollout of fiber technology, avoiding an overbuild and maximizing the use of European recovery funding. The decision comes as TIM CEO Pietro Labriola pushes…
The battle over Telecom Italia seems to have to come to an end, as shareholders were called to elect a new board. Telecom Italia’s directors resigned last March. Paul Singer, head of Elliott Management, an activist fund, was successful to get two thirds of the seats. He won the battle over the French conglomerate, Vivendi. Despite only have 9% of the shares, Elliott was able to impose its team over Vivendi that possesses 24% of Telecom Italia. By pointing out the way Vivendi failed shareholder’s interest in Telecom Italia, Singer was able to get a vote in which they had two options. They could either pick up a board composed of ten Italian business personalities selected by Elliott, or keep a team made of Vivendi’s CEO and its employees for the most part. After that loss, Vivendi stated that it would “take all measures necessary to preserve its value and…
In a groundbreaking move, Iliad and Vodafone are set to join forces in a strategic merger that has gained unanimous support from Iliad’s board of directors and its primary shareholder, Xavier Niel. The proposal aims to amalgamate Iliad’s ‘innovative approach to connectivity, affordability, and digital inclusivity’ with Vodafone’s expertise in the business-to-business (B2B) sector.
Italy is in talks with SpaceX for a €1.5 billion contract aimed at enhancing national telecom security. The deal incorporates encrypted communications and Starlink’s integration to boost connectivity, especially in underserved areas.
