0
Broadband

Retelit board approves separation into infrastructure and services companies

Thursday 6 June 2019 | 10:18 CET | News
Italian telecommunications infrastructure provider Retelit announced that its board of directors has approved the plan to separate its activities into two separate companies, one for managing its fibre infrastructure and the other for providing services, following an in-depth evaluation. In a statement the company said a series of preparatory activities to reorganise the current assets, personnel and contracts will continue in the coming months. The aim is to conclude the process "within the current year", resulting in the establishment of two separate legal entities fully owned by Retelit

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.

Subscriptions

Already registered?



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: Retelit
Countries: Italy
::: 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.


Related

Italy's Retelit completes share buyback programme

Published 10 Dec 2019 09:58 CET | Italy
Italian telecommunications infrastructure provider Retelit announced the completion of a buyback programme of ordinary Retelit ...

Endrizzi and Calzolari named Retelit CFO and group controller

Published 28 Nov 2019 13:54 CET | Italy
Italian telecommunications infrastructure provider Retelit has announced the appointment of Mirko Endrizzi as the company's Chief ...

Retelit 9-mth revenues up 17% to EUR 59 mln, net profit up 81%

Published 08 Nov 2019 16:14 CET | Italy
Italian telecommunications infrastructure provider Retelit reported revenues of EUR 59.0 million in the 9 months to end ...

Retelit acquires PA Group for EUR 74 mln

Published 23 Oct 2019 09:24 CET | Italy
Italian telecommunications infrastructure provider Retelit has agreed to acquire Udine-based Partner Associates SpA Group (PA ...

Italy's Retelit progresses with spin-off plan

Published 18 Oct 2019 14:49 CET | Italy
Italian telecommunications infrastructure provider Retelit announced that its board of directors has approved a proposal to ...

Retelit revenues up 14% to EUR 38 mln in H1

Published 01 Aug 2019 15:40 CET | Italy
Italian telecommunications infrastructure provider Retelit reported consolidated revenues of EUR 37.7 million in the first six ...

Retelit Q1 revenues up 14% to EUR 17 mln, doubles net profit

Published 10 May 2019 15:41 CET | Italy
Italian telecommunications infrastructure provider Retelit reported revenues of EUR 17.0 million in the first quarter of 2019, up ...

Retelit approves FY results, to pay dividend on 2018 profit

Published 29 Apr 2019 09:11 CET | Italy
Italian telecommunications infrastructure provider Retelit announced that its shareholders approved the company's full-year ...

Retelit expands international network footprint to US, opens new PoP in Hong Kong

Published 18 Apr 2019 11:42 CET | Asia
Italy's Retelit said it expanded its network reach by opening new routes to the US and upgraded existing routes between Europe ...

Retelit to look at separation into network and services companies

Published 18 Apr 2019 10:49 CET | Italy
The board of Italian operator Retelit has approved a plan to look at dividing its activities into two separate companies, one for ...

Retelit CFO Bortolotti steps down

Published 28 Mar 2019 09:43 CET | Italy
Italian telecommunications infrastructure provider Retelit announced that its Chief Financial Officer, Fabio Bortolotti, has ...

Retelit FY revenues up 12% to EUR 73 mln, EBITDA up to 32 mln

Published 18 Mar 2019 09:37 CET | Italy
Italian telecommunications infrastructure provider Retelit reported full-year 2018 revenues of EUR 73.0 million, up 11.6 percent ...





Calendar   /   Industry Events

01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
01 Dec 5G Italy
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
::: More Calendar Items