French firm says it has approached Orange about video sharing site, German firm also in the running, according to press reports.
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Altice offers €3.9bn for Vivendi’s Numericable-SFR stake
Vivendi board to decide on French conglomerate’s proposal on 27 February.
Italian postal service grabs equity in TIM with stake swap
The Italian government has approved a stake swap that will see Poste Italiane take control of the 9.8% stake in TIM currently held by Cassa Depositi e Prestiti (CDP)
Iliad once again eying Italian consolidation with TIM
Iliad Italia is once again looking for potential tie-ups with Italy’s incumbent operator TIM, according to reports by local Italian news agencies Corriere della Sera and La Stampa.
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.
EU expresses wholesale concerns over KKR–Telecom Italia deal
The European Union’s antitrust regulators have begun asking rivals and customers if the acquisition of Telecom Italia (TIM)’s fixed-line network by US investment firm KKR would negatively affect wholesale competition in Italy, according to a Reuters report, citing people familiar with the matter.
Telecom Italia secures €1.5 billion loan before NetCo sale completion
Telecom Italia (TIM) has announced that it has signed a €1.5 billion bridge loan to strengthen its financial position ahead of the sale of its fixed network infrastructure business, NetCo, to KKR and the Italian government for up to €22 billion.
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.
BT’s Huawei infrastructure removal deadline looms
News The UK incumbent BT is rushing to remove Huawei equipment by the end of the year to avoid fines from the government, according to reports from The Telegraph With just nine days until the deadline, BT still needs to switch millions of customers over to another...
House Republicans pen letter seeking clarity following “extremely problematic” testimony from NTIA official
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...
Sparkle Launches GreenMed Submarine Cable in the Adriatic to Connect Italy with the Balkans and the Central-Eastern Mediterranean Countries
Press Release First phase of an investment project in a new backbone to strengthen Italy's position and Sparkle's routes in the Mediterranean, ensuring resilience through an innovative path Rome, 22 December 2022 - Sparkle, the first international service provider in...
UK altnets Freedom Fibre and VX Fibre agree merger
UK altnets Freedom Fibre and VX Fibre, which is backed by infrastructure manager InfraBridge have signed an agreement this week to merge their businesses. The newly combined group will operate as name Freedom Fibre under their CEO Neil McArthur and his management team, and will have a network of 285,000 premises.
Spain to purchase a 10% stake in Telefónica following STC’s acquisition
The Spanish government is set to acquire a 10% stake in Telefónica through the state holding company Sociedad Estatal de Participaciones Industriales (SEP)I, following Saudi Arabia based STC group’s acquisition of a large stake earlier this year.
First Elizabeth line stations get high-speed mobile coverage
The four stations, Bond Street, Tottenham Court Road, Farringdon and Liverpool Street have all now been equipped with high speed mobile coverage from the ticket halls to the platforms.
57% of the UK premises have full-fibre access, says Ofcom
News Ofcom’s annual Connected Nations report, which provides progress update on the availability of broadband and mobile services in the UK has been released today The report found that 78% of the UK is now covered by gigabit-capable broadband, which is an 8%...
German telecom sector warns of bottleneck if extensive gigabit rollout funding continues
The German telecoms associations ANGA, Bitkom, BREKO, BUGLAS, and VATM called on the German government for fibre-optic funding to be reduced, due to the German Gigabit funding programme being too heavily subscribed.
iliad proposes Vodafone Italy merger
French-based iliad has announced today that it has submitted a proposal to Vodafone to merge their Italian units, through the creation of a new entity named NewCo. Under the deal, Vodafone would receive a 50% share of the new entity, a cash payment of €6.5 billion and a shareholder loan of EUR 2.0 billion to ensure long-term alignment.
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...
Telecom Italia approves KKR’s €18.8 billion fixed infra acquisition
On Sunday, Telecom Italia (TIM) approved the sale of its fixed-line network to US-based equity firm KKR for €18.8 billion. The fixed-line business will be spun into a new entity named NetCo.
TIM’s board of directors met from 3–5th November to examine the binding offer that was submitted by KKR back in October. Eleven of the board’s fourteen members approved the acquisition.
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