The death knell appears to be ringing for Telecom Italia’s (TI) fixed line spinoff. According to this Bloomberg piece, the company plans to ask its board of directors to withdraw its approval for the spin, which would put an end to a process which has been going on for over a year. That is a loooong time and… Read More »
The Wall Street Journal reports that Telecom Italia(TI) has put its planned spinoff of fixed line assets on hold following a decision by regulator AGCOM to cut the wholesale rates that others firms pay to the fixed line business. After an extraordinary board meeting, the former state-owned company said the continuation of the project is subject to verification… Read More »
Telecom Itailia’s(TI) turbulent flirtation with the spin off of its fixed line assets took another shaky step forward as the company has engaged Morgan Stanley to advise on the process. Telecom Italia would be the first privatized European telecom to take such a step. Most likely the company would take outside investment in the fixed line assets and… Read More »
Discussions of a possible spinoff by Telecom Italia(TI) have been a rocky road with nary a marshmallow in sight. A month ago, Reuters reported the spinoff was ‘stalled’. Egyptian Billionaire Naguib Sawiris, who has proposed injecting $3.9 Billion into the company is opposed to the plan. Sawiris told Reuters he was also opposed to a current plan to… Read More »