Telecom italia

telecom italia

What does Telecom Italia do?

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

What is Telecom Italia Netco?

This business - so-called NetCo - could assume about 10-11 billions euro of Telecom Italias net debt and take up some 21,000 workers, a half of TIMs 42,500 domestic staff, sources familiar with the matter said. read more

Will Telecom Italia be broken up?

MILAN, July 4 (Reuters) - The head of Telecom Italia (TIM) (TLIT.MI) will set out his plans for Italys biggest telecoms company on Thursday, pinning his hopes on a break-up of the business to turn the page on years of turmoil.

What are the main brands of Telecom Italia?

TIM, Olivetti are the Group’s main brands; they are well-known by consumers and are a guarantee of reliability and competence. Telecom Italias current market capitalization is €7.2 b.

What does Telecom Italia group do?

The Telecom Italia Group provides phone landline services and mobile services in Italy, GSM mobile phone services in Italy and Brazil through its TIM subsidiary, ( TIM Brasil ), and DSL internet and telephony services in Italy and San Marino.

What are the main brands of Telecom Italia?

TIM, Olivetti are the Group’s main brands; they are well-known by consumers and are a guarantee of reliability and competence. Telecom Italias current market capitalization is €7.2 b.

What company bought Telecom Italia?

KKR has made a $12 billion offer to acquire Telecom Italia in a take-private deal, reported Reuters. Telecom Italia shares jumped more than 22% on Monday morning after U.S. private equity giant KKR launched a 10.8 billion euro ($12 billion) buyout bid for Italys largest phone company. When was Telecom Italia founded?

What happened to Telecom Italia and TIM Brasil?

TIM Brasil has its local headquarters in Rio de Janeiro. Telecom Italia also had a 50% share in the Bolivian telecommunications company Entel until its share was nationalised by the Bolivian government in 2008. Telecom Italia reported mounting debts in 2005, and, one year later, CEO Marco Tronchetti Provera resigned.

Is Telecom Italia about to break up?

As an emblem of Italian business, Telecom Italia has had a long and lamentable record of upheavals, debt-laden struggles and political intrigues. Now its future is once again up in the air, with the new management plotting a break-up of the group as international private equity firms circle around its assets. The stakes are not small.

Will Telecom Italia cut 9K jobs by 2030?

ROME, July 7 (Reuters) - Telecom Italia (TIM) (TLIT.MI) could cut more than 9,000 jobs by 2030 and is ready to offload its fixed network business under a plan that would reshape the debt-laden former telecoms monopoly.

Why did Telecom Italia’s share price crash 16%?

Shares in Telecom Italia plunged more than 16 per cent on Thursday after the group announced plans to split itself in two as it tries to fend off a €10.7bn bid by private equity group KKR. Italy’s biggest telecoms company also reported a net loss of €8.7bn for 2021 and said it would not pay a dividend on ordinary shares.

Is Telecom Italia (TIM) worth 33 billion euros?

U.S. private equity firm KKR has submitted a non-binding proposal to take Telecom Italia (TIM) private, valuing Italys former phone monopoly at 33 billion euros ($37 billion) including net debt. Skip to main content Skip to floating mini video

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