The Italian Ministry of Economy and Finance (MEF) and Retelit, a subsidiary of the Spanish Asterion Infrastructure Fund, has made €700 offer for Sparkle, Telecom Italia’s subsea cable unit, the company has announced this week
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EU gives green light to Swisscom’s acquisition of Vodafone Italia
The European Commission has given the green light to Swisscom’s acquisition of Vodafone Italia, without conditions. The clearance, granted under the Foreign Subsidies Regulation, is a crucial step toward finalising the transaction.
TIM finally completes NetCo sale to KKR
Telecom Italia (TIM) has finalised the sale of its fixed line network ‘NetCo’ to KKR, in a deal worth up to €22 billion. The sale saw TIM transfer its fixed network infrastructure and wholesale activities to its subsidiary FiberCop, which was then fully bought out by KKR, who already owned a minority stake in the business.
Swisscom’s Fastweb sells FiberCop stake for €439m
Swisscom has announced that its Italian subsidiary FastWeb has sold its 4.5% share of FiberCop to KKR’s subsidiary Optics BidCo for €439 million.
KKR TIM deal gets EU go-ahead
The EU competition authority has given KKR the green light for its planned takeover of Telecom Italia (TIM)’s fixed network operations (known as NetCo) for €19 billion.
Sparkle completes international VPN trial with quantum encryption
Sparkle, Telecom Italia (TIM) ’s international services arm, has completed the first test of an international Virtual Private Network (VPN) protected with quantum encryption in partnership with Arqit Quantum, a UK company that specialises in quantum-safe encryption.
KKR preparing to soothe EU regulatory concerns over TIM’s NetCo
News A report suggests that the US-investment firm is preparing to file a number of concessions aimed at accelerating the approval process According to anonymous sources speaking to Bloomberg, KKR is preparing to present a raft of remedies to the European Commission...
Investors shorting BT for $300m in twelve-year record
Investors have bet £300 million against BT this week, as the company continues to battle against its declining share price. Banks including BlackRock, Canada Pension Plan Investment Board and hedge funds such as AKO Capital and Kintbury Capital have bet against the company, according to a report from the Financial Times.
Oracle expands Italia footprint via TIM’s Turin data centre
This week, cloud giant Oracle has announced a new deal with TIM Enterprise, the B2B unit of Italian incumbent operator Telecom Italia (TIM), to form a cloud region centred around TIM’s data centre in Turin.
CEA-Leti Selected to Coordinate Two EU Projects for Developing ‘First-Class’ 6G Capabilities and Contributing to Standardization
Engaging Multiple EU Partners, the Projects Will Apply Intelligent Sensing and AI-Enabled Learning Technologies
Swisscom to acquire Vodafone Italia for €8bn
Swisscom has announced a binding deal to acquire Vodafone’s Italian business unit for €8 billion (£6.8bn).
F2i to invest €1bn in TIM’s NetCo
Italian government-backed infrastructure fund F2i has announced that it will invest €1 billion in Telecom Italia (TIM)’s NetCo, acquiring a 10% stak in the newly spun off business. As a result, the company will join US investment firm KKR and the Italian Ministry of Economy and Finance as co-investors.
Italian government gives greenlight to KKR’s purchase of TIM’s NetCo
The Italian government has cleared Telecom Italia (TIM)’s sale of its fixed line network to US investment firm KKR, noting that KKR’s ownership does not contravene the state’s ‘golden power’ rules designed to protect its strategic assets.
Portugal Telecom shareholders OK Altice deal
Oi makes progress with plan to focus on its Brazilian operations; names new CEO.
ETSI gets to grips with millimetre wave spectrum
European standards body forms new working group, gets to work on five specifications.
EU gives green light for €1.2 billion cloud computing funding
News The move aims to increase the EU’s presence in the global cloud computing market The European Commission has this week agreed to provide €1.2 billion in state funding for cloud computing. The funding will support a European cloud computing project in an...
TIM carves out NetCo ahead of KKR sale
News NetCo includes TIM’s fixed network and related real-estate, but excludes TIM’s submarine cable unit Sparkle Telecom Italia (TIM) has announced the implementation of its long-awaited NetCo, the business unit for its fixed line network, which was sold to KKR for...
Vodafone Germany accelerates railway 5G deployment
Vodafone Germany has announced that it has activated its 5G SA network on over half of the country’s railway lines, or 15,000km of railway lines.
In April last year, the operator partnered with Deutsche Bahn, Germany’s leading railway operator, to close any remaining gaps in Vodafone’s network on railway routes throughout the country.
nexfibre releases rollout plans
Network operator nexfibre has today published its “nationwide rollout plan” for 2024.
In the 2023 Q3 update, the firm states they are “on a mission to deliver our network to more than 5 million premises by 2026, using the latest XGS-PON architecture, capable of symmetrical speeds of up to 10 Gbps”.
Telefónica aiming to privatise German unit
News Telefónica Germany currently has a market value of €5 billion Telefónica has announced its intention to launch a bid for the 28.19% of Telefónica Deutschland shares that that it does not already own for a total of €1.9 billion. In a statement released today,...
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