Telecom Italia

Telecom Italia recorded a jump in earnings from its unit in Brazil alongside what it claimed as a significant improvement in its domestic business in Q2, as the company flagged talks with KKR over a potential sale of its…

Telecom Italia shareholder Vivendi reportedly immediately objected to a move to enter exclusive negotiations with KKR over a sale of fixed-line assets, with Financial Times (FT) stating the French company remains concerned over the value of the deal.

Telecom Italia received fresh non-binding offers for fixed spin-off Netco from both parties vying for the assets, with the company’s board set to assess the proposals at a pair of meetings next week.

Vivendi reportedly proposed the appointment of Luciano Carta, the former chairman Italian defence group Leonardo to join the board of Telecom Italia, filling a seat left vacant by the French company’s CEO Arnaud de Puyfontaine since January.

A bidding war between KKR and a consortium including Italian state lender CDP Equity for Telecom Italia fixed spin-off Netco was rumoured to be almost over, with Bloomberg reporting the state-owned entity was pulling out of a potential…

Telecom Italia continued to build expertise in the field of smart cities and urban intelligence, forging an agreement with the National Research Council of Italy (CNR) to jointly develop digital tools for local authorities.

Telecom Italia’s board branded a pair of offers received for fixed network spin-off Netco as not yet adequate, as it set a deadline of 9 June for improved bids for the asset.