Telecom Italia plans €1 billion asset sale to ease debt
Still wants to sell its subsea cable unit, and may part with remaining stake in its tower company
Still wants to sell its subsea cable unit, and may part with remaining stake in its tower company
Values the business at €18.8bn
Initial bid not enough says the telco
The offer is set to be examined next week by TIM's board
Will give F2i governance and management rights
One step closer to a deal being finalized?
Cable to connect Italy to Turkey via Greece, Croatia, Montenegro, and Albania
The French company has publicly disapproved of TIM's landline grid sale to KKR
Telecom Italia's Sparkle sees another cable landing
First bid was deemed too low
The deal is expected to finalize next year
Could ease debt by €14bn
Telecom Italia directors are due to meet next month to consider KKR's bid
But will need more time to finalize the approach for submarine unit Sparkle
Cable initially connects Genoa and Milan; services in Rome, Sardinia, and Corsica coming soon
Could also pave the way for the gov't to take over Sparkle
MoU signed that could help debt-ridden business
New 3.5MW facility goes live
The sector has been plundered like an ATM, say unions
Libya to get first new cable since 2013
Will connect Italy with several countries including France and Greece
Search & cloud giant’s second Italian region
The operator did similar last year, cutting 1,200 jobs
As the operator continues to explore the possibility of a sale
In the report, five of Europe's biggest operators address concerns around Open RAN maturity, security, and energy efficiency
Impacted thousands of users on Sunday (February 5)
The bid values TIM's assets at $22 billion
Exploring a different way to help the cash-strapped telco