Telecom Italia relegates BBned to 'other', still no buyer

Wednesday 14 April 2010 | 13:12 CET | Author: Tim Poulus | Market Commentary
Telecom Italia has presented its strategic plan for 2010-12, alongisde its annual results for 2009. The results were delayed due to the ongoing investigation into alleged fraud at the operator's unit Sparkle. Telecoma Italia forecast revenues in 2010 down 2-3 percent, but the company expects to achieve average growth of 1 percent per year across the period 2010-12. The group targets a reduction in net debt to less than EUR 28 billion, to reach a net debt/EBITDA ratio of 2.5-3.0 times. The operator plans to cut costs by EUR 2.7 billion over the period and reduce its capex budget by around 20

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

This article is an opinion of Telecompaper.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: BBned / Tele2 Netherlands / Telecom Italia / Telefonica- Movistar
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


FT Marine in talks to buy Telecom Italia assets - report

Published 07 Jun 2010 11:46 CET | France
France Telecom's undersea cable-laying subsidiary, France Telecom Marine, is in talks to buy assets from Telecom Italia, writes ...

Telecom Italia verbant BBned naar 'overige', nog geen koper

Published 13 Apr 2010 15:30 CET | Netherlands
Telecom Italia heeft een Strategic Plan neergelegd voor de periode 2010-2012, tesamen met de jaarresultaten 2009. In de laatste ...


Published 31 Mar 2010 14:53 CET | Netherlands
This company profile analyses BBned, a provider of broadband solutions to the business and residential market in the Netherlands. ...

BBned stable in Q3 but still no buyer

Published 06 Nov 2009 10:07 CET | Netherlands
Dutch provider BBned reported third quarter revenues rising to EUR 22 million from 21 million the year before, with EBITDA at EUR ...

It's time for BBned to change hands

Published 02 Nov 2009 21:35 CET | Netherlands
Telefonica CEO Julio Linares said that a deal is close for the takoever of Germany's Hansenet, a Telecom Italia unit. The last ...

BBned possible Belgacom takeover target

Published 15 Jan 2009 15:00 CET | Belgium
Telecom Italia recently put its European Broadband unit up for sale, consisting of Hansenet (Germany) and BBned (Netherlands). ...