Telecom Italia to abandon fixed grid spin-off plan - report

Tuesday 22 October 2013 | 09:35 CET | News
Telecom Italia is to withdraw its plan to raise much-needed funds by spinning off its fixed network, reports Bloomberg, citing unnamed sources familiar with the matter. The plan, championed by former chairman Franco Bernabe, was initially approved by the board in May before a decision by regulator Agcom in July forced the company to put the project on hold. Telefonica's move gradually to increase its influence on Telecom Italia also slowed down the proposal to raise as much as EUR 14 billion through the network unbundling, with the Spanish operator said to prefer the option to raise around

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?

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: Telecom Italia / Telefonica
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.


Italian court dismisses TI, Fastweb unbundling appeals

Published 10 Mar 2015 11:09 CET | Italy
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has dismissed separate ...

Telecom Italia says news of network spin-off unfounded

Published 17 Oct 2014 09:12 CET | Italy
Shortly after Telecom Italia's chairman rejected reports that the Italian government was planning to spin off its fixed-line ...

Telecom Italia chairman rejects "damaging" spin-off rumours

Published 16 Oct 2014 13:53 CET | Italy
Telecom Italia chairman Giuseppe Recchi has strongly rejected a report in Italian daily La Repubblica suggesting that the ...

AgCom to extend 2013 unbundling prices to 2014 - report

Published 15 Oct 2014 11:01 CET | Italy
Italy's telecoms regulator AgCom is set extend the wholesale broadband prices set for 2013 to the whole of 2014, according to a ...

Telecom Italia vows to appeal proposed unbundling cuts

Published 24 Jun 2014 11:54 CET | Italy
Telecom Italia has vowed to appeal against a proposed retroactive reduction in the unbundling rates for last mile services ...

Telecom Italia to sell Argentine unit and towers

Published 08 Nov 2013 09:30 CET | Argentina
Telecom Italia unveiled plans to sell its Argentine unit as well as other assets including towers in Italy and Brazil, while ...

Telecom Italia will remain Italian - Alierta

Published 30 Oct 2013 09:44 CET | Italy
The chairman of Telefonica Cesar Alierta has pledged that Telecom Italia will remain an Italian company and job cuts will be ...

Telecom Italia considers EUR 2 bln capital hike - report

Published 25 Oct 2013 16:32 CET | Italy
Telecom Italia is considering a plan to raise EUR 2 billion from existing shareholders including Spain's Telefonica, reports ...

Italian lawmakers may force Telefonica bid for Telecom

Published 24 Oct 2013 16:38 CET | Italy
Telefonica's gradual takeover of Telecom Italia could be complicated by the Italian government's plan to introduce a measure that ...

Telecom Italia deploys live stream at Genoa Science Festival

Published 23 Oct 2013 10:56 CET | Italy
Telecom Italia has announced that as partner of the Genoa Science Festival it will be offering live and on-demand streaming of ...

Telecom Italia halts network plan - union

Published 07 Oct 2013 09:03 CET | Italy
Telecom Italia's new chief executive Marco Patuano will unveil a business plan outlining the future of its South American units ...

Wind says fixed network spin-off 'makes sense'

Published 04 Oct 2013 12:10 CET | Italy
The separation of Telecom Italia's fixed network would make sense and create value for the country', according to Maximo Ibarra, ...

Telecom Italia spin-off lacks political support - chairman

Published 01 Oct 2013 17:46 CET | Italy
Telecom Italia Chairman Franco Bernabe confirmed in a letter addressed to the Italian Senate's Industrial and Telecommunications ...

Asati warns against Telefonica takeover of Telecom Italia

Published 30 Sep 2013 13:55 CET | Italy
The association of small shareholders of Telecom Italia, Asati has called for a stop to the takeover of Telecom Italia by ...

Fastweb neutral on Telecom Italia network spin-off

Published 24 Sep 2013 15:22 CET | Italy
Fastweb is neutral about the issue of separating Telecom Italia's fixed line network and is going ahead with its own grid, ...

Agcom could force spin-off of Telecom Italia network

Published 23 Sep 2013 21:56 CET | Italy
If Telecom Italia does not go ahead with the spin-off of its network as previously announced, Italy's Communications Authority ...

Italian govt still backs Telecom Italia fixed grid spin-off

Published 18 Sep 2013 10:02 CET | Italy
The project to spin off Telecom Italia's fixed network has ''never been abandoned" by the government, according to Deputy ...

Calendar   /   Industry Events

10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May Boingo Wireless Q1 2021
10 May Synchronoss Q1
10 May NortonLifeLock fiscal Q4, investors day
10 May 8x8 fiscal Q4 results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Sonim Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Allot Q1 2021
11 May Softbank FY results
11 May United Internet Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May DZS investors day
::: More Calendar Items