Telecoms news from Italy
Italy's Telecom Italia has been hit with a EUR104 million fine by the Antitrust Authority after it was found guilty of having "abused its dominant position in network infrastructure". ...more.
Any possible merger between Telecom Italia and Hutchison Whampoa's Italian mobile networks wont be discussed for at least another month. ...more.
Telecom Italia is unlikely to discuss the proposed merger of its wireless network with that of Hutchison Whampoa's at this week's board meeting, a local newspaper has reported. ...more.
Egypt's Naguib Sawiris has said that it might be interested in buying back the Italian mobile network operator he sold in 2011 to Russia's VimpelCom. ...more.
Italy's Telecom Italia has confirmed that it is in talks with Hutchison Whampoa to study a possible integration with 3 Italia. ...more.
A mobile credit card payments processor, Jusp says that it has raised US$6 million in fresh funding to launch and accelerate its development. ...more.
The Negative Outlook for TI underlines Fitch's concerns that TI continues to be dependent on a weak Italian economy, and after the recently announced dividend cut, has limited debt reduction options in future to address further deterioration in the business. ...more.
The affirmation reflects that the company's intention to strengthen the balance sheet by halving shareholder dividends and issuing EUR3bn of hybrid bonds in the next 24 months partly offsets the weaker than expected domestic performance. ...more.
Vodafone Italy has signed a deal that will see its prepay topup cards offered for sale in over 56,000 tobacco retailers across the country. ...more.
Italy's Telecom Italia has formally rejected an offer by Egypt's Naguib Sawiris to take a stake of up to US$4 billion in the company. ...more.
Fitch Ratings says that Telecom Italia's Q312 results showed management's commitment to reducing debt, but the challenge operating environment means that the end-2013 net debt target of EUR25bn may still be difficult to achieve. ...more.
Italy's Telecom Italia has confirmed that it has received an approach from Egypt's Naguib Sawiris which could lead to his company taking a stake in the debt-laden company. ...more.
The downgrade reflects Fitch's expectations that Wind will not be able to maintain stable EBITDA and free cash flow (FCF) generation in the face of mobile termination rate (MTR) cuts, intensifying competitive pressures and bleak macroeconomic prospects in Italy. ...more.
Italy's Telecom Italia has announced that it will launch its LTE network on the 7th November, with coverage initially available in Rome, Milan, Turin and Naples. ...more.
Following the spectrum auction in September 2011, operators in Italy are focusing on launching LTE services driving 3G+ subscriptions to 75% of all SIMs in 2017, ...more.
Wind's ratings continues to reflect the company's (i) solid market share of the telecommunications services in Italy and its strong competitive positioning vis-ŕ-vis its main competitors, ...more.
Fitch said that the affirmation is based on TI's ability to preserve cash flow generation and keeping a focus on deleveraging while facing increasing competition and the effects of austerity in its domestic market. ...more.
Fitch Ratings says that the impact of a possible spin-off of Telecom Italia's (TI) fixed-line network on the company's credit rating is unclear given different possible outcomes. ...more.
Italy's anti-trust authority has confirmed that it has launched a probe into allegations that the country's three largest mobile networks colluded to block the launch of an MVNO. ...more.
Amazon has announced the expansion of its own Android Appstore into the UK, Germany, France, Italy and Spain. ...more.