0
General

Telecom Italia issues EUR 2 bln equity-linked bond

Friday 20 March 2015 | 14:56 CET | News
Telecom Italia has announced the successful placement of an offering of EUR 2 billion in unsecured equity-linked bonds due on 26 March 2022. The bonds were offered to qualified institutional investors, with a coupon of between 1.125 percent a year, payable semi-annually starting in September. The conversion price will be set at a 70 percent premium above the volume-weighted average price of the shares on the Milan stock exchange on 20 March. The proceeds will be used to reduce Telecom Italia's debt and to finance its three-year EUR 14 billion business plan to expand fibre-optic and LTE

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: General
Companies: Telecom Italia
Countries: Italy
::: add a comment
This article is part of dossier

LTE


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

Telecom Italia issues EUR 750 mln 8-year bond

Published 14 Jan 2016 08:39 CET | Italy
Telecom Italia has announced the successful issue of a EUR 750 million fixed rate bond to institutional investors. The company ...

Telecom Italia finalises USD, EUR buyback

Published 17 Jul 2015 08:35 CET | Italy
Telecom Italia has announced the final results of a dollar and euro note buyback. The company said it will repurchase around EUR ...

Telecom Italia plans EUR 1.5 bln bond buy-back

Published 08 Jul 2015 16:13 CET | Italy
Telecom Italia said it plans to buy back euro- and dollar-denominated bonds with different expiry dates and with a total ...

Telecom Italia announces results of debt buyback offer

Published 22 Apr 2015 10:32 CET | Italy
Telecom Italia has announced the results of its offer to repurchase bonds with different maturities ranging from January 2017 to ...

Telecom Italia to repurchase up to EUR 2 bln in bonds

Published 14 Apr 2015 10:31 CET | Italy
Telecom Italia has announced an offer to repurchase bonds with different expiry dates ranging from January 2017 to February 2022 ...

Telecom Italia announces final price of EUR 2 bln bond

Published 23 Mar 2015 09:09 CET | Japan
Telecom Italia has announced the final pricing of its offering of EUR 2 billion in unsecured equity-linked bonds due on 26 March ...

Telecom Italia approves TI Media buyout

Published 20 Mar 2015 10:17 CET | Italy
Telecom Italia has approved the full takeover of its media division, Telecom Italia Media, which has been a publicly traded ...

Telecom Italia posts EUR 1.35 bln profit, first since 2010

Published 20 Mar 2015 09:18 CET | Italy
Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, its first ...

Telecom Italia tower unit Inwit files for IPO

Published 17 Mar 2015 08:57 CET | Italy
Telecom Italia has announced that it has filed the application for an IPO of its tower unit Inwit with market regulator Consob. ...

Metroweb and fibre plan "separate opportunities" - Patuano

Published 16 Mar 2015 09:27 CET | Italy
The Italian government's 2014-20 broadband plan and the Metroweb project are "two separate opportunities", according to Telecom ...

TI given two-month ultimatum to commit to govt fibre plan

Published 13 Mar 2015 09:52 CET | Italy
The Italian government is putting increasing pressure on Telecom Italia to decide whether it intends to take a prominent role in ...

Telecom Italia to launch 50 Mbps FTTC service in April

Published 10 Mar 2015 09:54 CET | Italy
Telecom Italia has announced that it will be offering a new 50 Mbps download and 10 Mbps upload FTTC service, dubbed ...

Italian cabinet approves EUR 6 bln national broadband plan

Published 04 Mar 2015 09:35 CET | Italy
The cabinet of Italian prime minister Matteo Renzi has approved a EUR 6 billion plan to accelerate the development of a national ...

Telecom Italia to recruit again after 7 years - CEO

Published 27 Feb 2015 14:47 CET | Italy
Telecom Italia will take advantage of new provisions introduced in prime minister Matteo Renzi's emblematic Jobs Act to hire up ...

Telecom Italia to invest EUR 14 bln by 2017 in Italy, Brazil

Published 20 Feb 2015 14:06 CET | Brazil
Telecom Italia has unveiled the details of a three-year business plan for 2015-2017 that envisages total investments of around ...

Telecom Italia FY sales down 7.8%, lowers net debt

Published 20 Feb 2015 08:49 CET | Italy
Telecom Italia reported full-year revenues down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's ...





Calendar   /   Industry Events

01 Mar Embedded World Digital
02 Mar FuboTV Q4 2020
02 Mar HPE fiscal Q1
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
03 Mar Vivendi Q4 2020
04 Mar Telesat Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
05 Mar Vonage Investor Day
::: More Calendar Items