telecom italia spa-spon adr (TI) Key Developments
Telecom Italia Mobil and Sky UK Limited Announce New Strategic Partnership
Apr 28 15
Telecom Italia Mobile and Sky UK Limited have announced a strategic partnership which will bring fiber-optic cable TV to Italy. With this partnership, the two companies take a crucial step forward towards the so-called "convergence" between media and TLC, as the deal makes way for the first "quadruple play" offer in Italy, integrating landline and mobile services, broadband and ultra-broadband connectivity and premium television content available "anytime and anywhere" on all Internet-connected devices. The initiative strengthens TIM's strategy in distributing innovative services and confirms its role as technology enabler very high-speed networks, thus bringing more and more households closer to the very quality of content and the new modes to enjoy the Sky-branded viewing experience. Similarly, the agreement with Telecom Italia does carry a strategic meaning for Sky too, as it makes all its wide-ranging offer of programs and exclusive services available on broadband and on ultra-broadband networks as well thus extending pay TV scope to reach out, for example, those prospects who reside in the city centers of the many Italian art cities and cannot install the satellite dish and therefore access Italy's best TV offer.
Telecom Italia to Increase FTTH Investment
Apr 27 15
Telecom Italia announced that the company is prepared to increase its broadband investment plans beyond the EUR 500 million already committed to bring FTTH to 40 Italian cities by 2017. The company's three-year plan to bring superfast fixed broadband to 75% of the Italian population and 4G mobile broadband to 95% was being carried out 'in the interests of society and the country' and that the company would 'evaluate market conditions' before deciding whether to increase its investment.
Telecom Italia Announces Results of Debt Buyback Offer Maturity Ranging from January 2017 to February 2022
Apr 23 15
Telecom Italia has announced the results of its offer to repurchase bonds with different maturities ranging from January 2017 to February 2022 up to a total of EUR 2 billion. At the expiry of the offer, bondholders validly tendered bonds worth EUR 2.15 billion, adding that the repurchase would affect bonds maturing between May 2018 and February 2022. The company said it had no intention to accept for purchase any of the January or September 2017 bonds tendered.
Telecom Italia and Sky Italia Unveil Joint Quad-Play Offering
Apr 17 15
Telecom Italia and Sky Italia launched their joint quad-play (mobile and fixed telephony and broadband, plus TV) offering, to be called TIM Sky. A dedicated version of the My Sky HD decoder has been created for the ultrabroadband service, which will offer Telecom Italia customers the complete Sky line-up of over 150 channels, 60 in HD and one in 3D. Initially, TIM Sky will be available for all Telecom Italia customers with a fibre-optic connection at up to 100 Mbps and ADSL at up to 20 Mbps. The full quad-play package will cost EUR 39 per month for the first 12 months, or EUR 14 per month for customers who already have a fibre or ADSL broadband subscription. Telecom Italia described the deal as an important driver for the delivery of its ultrabroadband network, while Sky said it will use the agreement to target the millions of homes that were hitherto unable to receive its offerings by satellite.
Telecom Italia to Offer Complete Sky Line-Up
Apr 15 15
Telecom Italia announced that it is to offer its customers the complete Sky line-up over broadband. A dedicated version of the Sky HD decoder has been created for the 'ultrabroadband' service. The new offer, expected to go live, will mirror satellite in terms of content, services and pricing. Initially, Telecom Italia will direct the promotion towards those customers with a fibre-optic connection as a driver for the development of ultrabroadband. The agreement with Sky is part of Telecom Italia's overall strategy, which identifies the offer of premium content as an element that adds value to its new generation network infrastructure. The partnership between the two companies will also strengthen the Cubovision offer, with high quality Sky content on the move.