Last week, the Italian government reportedly made a bid to acquire 100% of TIM’s submarine cable unit Sparkle. While the financial details of the bid were not revealed, reports suggested that it valued the business at up to €750 million.
Today, further reports suggest that this bid is set to be rejected by TIM, with the company’s directors set to seek a higher offer for its subsea assets
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.
Singtel announced today that it will augment its maritime digital offerings with Starlink’s satellites to drive adoption of digital solutions by ship owners and operators so they can innovate and tap into advanced technologies such as artificial intelligence (AI), 5G, edge computing, as well as access cloud-based solutions to improve safety, operational efficiencies, and crew well-being.
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.
Norwegian incumbent working with browser maker to experiment with sponsored data services in Asia.
News A group of 16 House Republicans have signed a letter demanding answers following the testimony of Alan Davidson, the Assistant Secretary of Commerce for Communications and Information at the National Telecommunications and Information Administration (NTIA) This...
According to three unnamed sources in a Reuters report, TIM’s largest shareholder Vivendi have filed a legal complaint to a Milan court against TIM’s decision to sell its domestic fixed-line network to US firm KKR. After entering into negotiations in June, the TIM and KKR confirmed the deal, worth roughly €18.8 billion, last month.
It’s Day One of COP28 and I’m in Dubai with members of the GSMA’s Climate Action Taskforce, alongside thousands of delegates including Heads of State, policymakers, climate negotiators and representatives of public and private sector bodies from every corner of the world.
News The deal is one of the first major changes in the maritime industry since the 1950s. Spanish satellite operator Sateliot announced that it has signed an agreement with global maritime container tracking specialist T42, to deploy thousands 5G-IoT (internet of...
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...
Solving the systemic challenges facing the NHS is a herculean task, but a new study from BT suggests NHS staff themselves believe that new technologies could play a major role in improving the healthcare system’s performance.
News The offer is the latest development in a long-running saga surrounding the sale of TIM’s fixed network assets In a press release published today, TIM has announced that KKR has submitted a binding offer for the operator’s TIM’s fixed-line business, which will...
Interview At Connected Britain 2023, we caught up with John Cassidy, Business Development Manager at Ciena to discuss the company’s recent acquisitions and its focus on creating flexibility for its customers The past year has seen Ciena move in a new and interesting...
News Talks between the two firms are set continue despite passing a recent deadline, with TPG noting the transaction involves “considerable complexity” Australia’s TPG Telecom has announced that the due diligence period given to Vocus Group to present a formal bid...
News The UK’s Public Switched Telephone Network (PSTN), which supports analog landline services, is planned for closure by 2025 This week, BT has shared more details about the way in which it will gradually shut down the nation’s PSTN and rollout its replacement...
News 3G usage continues to fall on EE’s network, falling to a record low this summer EE has confirmed this week that its nationwide 3G switch off will begin in January 2024 and aims to complete it by March The operator said that beginning in July this year, it had...
Contributed Article by IFS If your company is considering adding electric vehicles (EVs) to service fleets, whether to save some green or be more green, you can now do so confidently with the help of disruptive technology. As large telco operators with thousands of...
News NetCo includes TIM’s fixed line network assets and their submarine cable subsidiary unit, Sparkle The Italian government has announced that it has approved two decrees that will enable it to take up to a 20% stake of Telecom Italia (TIM)’s NetCo, with the rest...
News The government could take a stake of up to 20% in Telecom Italia (TIM)’s NetCo US investment fund KKR and the Italian government have signed a Memorandum of Understanding (MoU) that would allow the Italian treasury to take up to a 20% stake in TIM’s NetCo...
NEWS The Italian incumbent is set to enter exclusive negotiations with KKR over sale of its network assets, with private equity firm outbidding rivals CDP & Macquarie The operator’s board gave the green light for CEO Pietro Labriola to begin exclusive negotiations...
