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

News Broadband Italy 6 MEI 2013
Telecom Italia to sell up to 60% of fixed network - report
Telecom Italia could spin off its fixed network and sell up to 60 percent of the new company to investors, according to a report by local daily Il Messaggero. Citing a draft copy of a term sheet prepared by the operator's management, the paper claims 30-40 percent of the capital would be floated on the Milan Stock Exchange and 15-20 percent sold to the Italian Strategic Fund, a state fund owned by financing company Cassa Depositi e Prestiti (CDP). Telecom Italia termed the report speculation and said it was too soon to talk about such deals.

Categories:

Fixed

Companies:

Telecom Italia

Countries:

Italy

Tags:

Network Access, Wireline, Wholesale, Corporate strategy, M&A buyouts & divestments

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