Telecom Italia To Sell 40% Stake In Tower Unit Via IPO
May 21 15
Telecom Italia S.p.A. (BIT:TIT) confirms that it is planning to sell 40% stake in Infrastrutture Wireless Italiane SPA through an initial public offering in Milan. Telecom Italia is seeking approval for the sale from Italy's securities regulator Consob.
Telecom Italia to Invest EUR 60 Million in Olivetti Re-Launch
May 20 15
Telecom Italia has set aside EUR 60 million to relaunch its Olivetti ICT services subsidiary. The investment will serve in part to improve the unit's financial position and fund early and voluntary retirements under the 'New Olivetti' restructuring project. The company's 'New Olivetti' project will start out with 430 workers, around 230 of which will come from Olivetti and the rest from the merger by incorporation of TIDS.
Telecom Italia Launches FTTC Service in Viareggio
May 15 15
Telecom Italia announced that it has begun offering a high-speed fibre-optic broadband service in the town of Viareggio on the Tuscan coast. The service, based on FTTC technology, has been extended to 19,000 households and Telecom Italia hopes to connect over 85% of the local population by the end of the year. Customers will be able to access the internet at speeds of at least 50 Mbps, increasing to up to 100 Mbps in the future.
Telecom Italia Selects Sandvine's Analytics Solutions for SOC and CEM Platforms
May 12 15
Sandvine Incorporated announced that Telecom Italia has selected Sandvine's analytics solutions for its service operations center, or SOC, and customer experience management, or CEM, platforms.
Telecom Italia S.p.A. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015
May 7 15
Telecom Italia S.p.A. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported revenues of €5,053 million, operating profit before depreciation and amortization, capital gains and impairment reversals on non-current assets of €2,031 million, operating profit of €979 million, profit before tax from continuing operations of €163 million, profit from continuing operations of €89 million, profit attributable to owners of the parent of €80 million, cash flows from operating activities of €146 million, purchase of intangible assets on an accrual basis of €429 million, purchase of tangible assets on an accrual basis of €535 million compared to the revenues of €5,188 million, operating profit before depreciation and amortization, capital gains and impairment reversals on non-current assets of €2,200 million, operating profit of €1,167 million, profit before tax from continuing operations of €488 million, profit from continuing operations of €234 million, profit attributable to owners of the parent of €222 million, cash flows from operating activities of €541 million, purchase of intangible assets on an accrual basis of €309 million, purchase of tangible assets on an accrual basis of €375 million for the same quarter a year ago. Net financial book debt was equal to €29,003 million as of 31 March 2015 compared to €28,021 million as of 31 December 2014. Organic Group CapEx were up by 40.7% year on year, including 2G license renewals in Italy, and some initial 4G cleanup costs in Brazil. Innovative CapEx has been following a relevant acceleration, increasingly providing support to operating performance. The company announced €183 million year-on-year increase in the overall domestic CapEx has accommodated for EUR 117 million, which were spent at the end of January for the renewal of the 2G license, allowing the right of use of 10 megahertz in the 900 band and 15 megahertz in the 1800 band.