Hutchison Whampoa seeks controlling stake in Telecom Italia

Thursday 11 April 2013 | 17:29 CET | News
Telecom Italia confirmed that Hutchison Whampoa is interested in becoming its controlling shareholder. In a statement after its latest board meeting, the Italian operator Hutchison has made the sale of 3 conditional on it also becoming Telecom's largest shareholder, the company said. Telecom Italia has named a committee led by executive chairman Franco Bernabe to continue evaluating the proposed transaction. It also includes the directors Luigi Zingales, Gabriele Galateri, Elio Catania and Julio Linares. Also at the board meeting the operator decided to go ahead with plans for spinning off

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?

Categories: General
Companies: 3 Italia / Telecom Italia
Countries: Italy
::: add a comment

Add comment

Please login or register to leave a 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.


Telco shareholders to plan exit from mid-September

Published 26 Aug 2013 09:58 CET | Italy
Mediobanca (11.62%) and Generali (30.58%) have said they plan to withdraw from the Telco shareholders pact controlling Telecom ...

Hutchison 'buyer not seller' in Italian market - 3 CEO

Published 30 Jul 2013 12:11 CET | Italy
Talks on a merger between Telecom Italia and 3 Italia could start again in the autumn, although 3 could change its strategy and ...

Telecom Italia rules out TIM Brasil sale - report

Published 18 Jul 2013 13:52 CET | Brazil
Telecom Italia has ruled out a sale of its Brazilian operations, sources familiar with the matter told Reuters. A sale may become ...

Telecom Italia ends talks on 3 Italia takeover

Published 05 Jul 2013 08:48 CET | Italy
Telecom Italia has ended talks with Hutchison Whampoa on a possible merger of their mobile activities in Italy. At a board ...

Telecom Italia, Hutchison mobile merger talks stall - report

Published 03 Jul 2013 09:48 CET | Italy
Hutchison Whampoa is losing patience with Telecom Italia over lack of progress on the proposed merger of their Italian mobile ...

Telecom Italia chairman meets with Italian PM

Published 21 May 2013 12:16 CET | Italy
Telecom Italia's executive chairman Franco Bernabe met with Italy's new prime minister Enrico Letta on 20 Monday, according to ...

Generali to decide in September on leaving Telco

Published 16 May 2013 14:26 CET | Italy
Italian insurance company Generali will decide in September whether to leave Telco, the shareholders pact that controls Telecom ...

Telecom Italia delays decision on Hutchinson deal

Published 09 May 2013 09:29 CET | Italy
Telecom Italia continues to evaluate a possible alliance with Hutchison Whampoa and aims to take a decision at the next board ...

Telefonica opposes Telecom Italia-3 Italia merger - report

Published 07 May 2013 15:58 CET | Italy
Spain's Telefonica is opposing the merger between Telecom Italia and 3 Italia, writes local daily Il Messaggero. As a result, the ...

Telecom Italia to sell up to 60% of fixed network - report

Published 06 May 2013 09:34 CET | Italy
Telecom Italia could spin off its fixed network and sell up to 60 percent of the new company to investors, according to a report ...

Telecom Italia could float fixed-line network - report

Published 29 Apr 2013 08:55 CET | Italy
Telecom Italia could float its fixed-line network on the stock market to keep it separate from any possible merger with Hutchison ...

Hutchinson Whampoa eyes Telecom Italia mobile unit - report

Published 22 Apr 2013 16:39 CET | Italy
Hutchison Whampoa is interested solely in Telecom Italia's mobile business, and not its fixed network, an unnamed source close to ...

Competition regulator in favour of Telecom network spin-off

Published 18 Apr 2013 16:15 CET | Italy
Italy's Competition Authority has expressed a positive opinion on the possible spin-off of the fixed network by Telecom Italia, ...

Telecom Italia wants Hutchinson stake capped at 10% - report

Published 18 Apr 2013 14:50 CET | Italy
Telecom Italia would be willing to let Hutchison Whampoa purchase no more than 10 percent of the operator as part of a merger ...

Telecom Italia sees 3 worth up to EUR 800 mln - report

Published 17 Apr 2013 15:52 CET | Italy
Telecom Italia is interested in 3 Italia, but does not want to pay too much for the rival mobile operator, according to local ...

Telecom Italia clarifies Hutchison contacts

Published 09 Apr 2013 13:28 CET | Italy
Telecom Italia issued a statement at the request of Italian stock market regulator Consob to clarify its earlier announced talks ...

Hutchison Whampoa eyes 29.9% of Telecom Italia - report

Published 09 Apr 2013 11:35 CET | Italy
Hutchison Whampoa wants to acquire a 29.9 percent stake in Telecom Italia and said it will pay EUR 1.20 cash for the shares, ...

Telecom Italia confirms talks with Hutchison on 3 merger

Published 08 Apr 2013 08:44 CET | Italy
Telecom Italia confirmed it has held preliminary talks with Hutchison Whampoa over a possible merger with 3 Italia. Telecom ...

Calendar   /   Industry Events

19 Jan Fujitsu ActivateNow: Technology Summit
20 Jan Limelight Networks Q4 2021
20 Jan Netflix Q4 2021
25 Jan Ericsson Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Samsung Electronics Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
::: More Calendar Items