0
General

Telecom Italia yet to discuss conversion of savings shares

Monday 7 September 2015 | 08:51 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Telecom Italia has announced that it has yet to reach a decision on the conversion of some EUR 5.5 billion of non-voting saving shares into common stock. The company issued a statement in response to an earlier report by Bloomberg suggesting that an exchange of non-voting savings stock was discussed by Telecom Italia's control and risk committee in early August. The company may receive in the region of EUR 500 million in proceeds because holders of the savings stock would have to pay a conversion fee of about half of the difference in values between the two share classes, according to two

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 / Vivendi
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

Telecom Italia announces saving shares conversion plan

Published 06 Nov 2015 08:17 CET | Italy
Telecom Italia has announced a plan to proceed with the voluntary and mandatory conversion of the company's 6 billion saving ...

Telecom Italia chairman meets new investor Niel

Published 02 Nov 2015 08:34 CET | Italy
The chairman of Telecom Italia, Giuseppe Recchi, has met with Xavier Niel in Paris, saying he welcomed the French entrepreneur's ...

Niel ups Telecom Italia stake to 15.1%

Published 30 Oct 2015 09:06 CET | Italy
French billionaire Xavier Niel, founder of internet provider Iliad, has increased his holding in Telecom Italia to the equivalent ...

Iliad founder Niel buys 11% stake in Telecom Italia

Published 29 Oct 2015 15:29 CET | Italy
French billionaire Xavier Niel, founder of internet provider Iliad, has acquired the equivalent of an 11.2 percent voting stake ...

Vivendi raises Telecom Italia stake over 20%

Published 26 Oct 2015 08:38 CET | Italy
French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the ...

Vivendi increases Telecom Italia stake to 19.9%

Published 06 Oct 2015 11:04 CET | Italy
French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia from its current holding of ...

Vivendi set to raise Telecom Italia stake to 19% - report

Published 02 Oct 2015 11:44 CET | Italy
French media conglomerate Vivendi has taken steps to increase its stake in Telecom Italia from its current holding of just under ...

Telecom Italia receives request to suspend TI Media merger

Published 22 Sep 2015 09:06 CET | Italy
Telecom Italia has announced that it has received a request from shareholders of Telecom Italia Media to suspend the ...

TIM unlikely to convert savings shares in short term-report

Published 17 Sep 2015 08:57 CET | Italy
Telecom Italia (TIM) is unlikely to proceed with the conversion of around EUR 5.5 billion worth of savings shares into common ...

Vivendi could raise Telecom Italia stake to 20% - report

Published 16 Sep 2015 10:51 CET | Italy
French media giant Vivendi could further increase its stake in Telecom Italia from just under 15.5 percent to around 20 percent ...

Vivendi increases Telecom Italia stake to 15.5%

Published 10 Sep 2015 09:11 CET | Italy
French media giant Vivendi has increased its stake in Telecom Italia to just under 15.5 percent from the previous 14.9 percent, ...

Vivendi set to announce management restructure - report

Published 31 Aug 2015 18:59 CET | World
Vincent Bollore, firmly at the helm of French entertainment and technology group Vivendi has called for increased integration of ...

Italian insurer Generali exits Telecom Italia

Published 31 Jul 2015 08:57 CET | Italy
Italian insurance group Generali has exited Telecom Italia, having sold its entire stake in the operator. "We have exited Telecom ...

Vivendi sells Telefonica Brasil stake for USD 877 mln

Published 30 Jul 2015 12:53 CET | Brazil
French media conglomerate Vivendi has announced the sale of its remaining 4 percent stake in Telefonica Brasil for USD 877 ...

Vivendi to acquire 0.95% stake in Telefonica after GVT deal

Published 29 Jul 2015 15:36 CET | Brazil
Telefonica has announced that it has reached an agreement with French media conglomerate Vivendi to exchange 46.0 million of its ...

Metroweb president meets Vivendi chairman

Published 10 Jul 2015 09:35 CET | Italy
The outgoing president of CDP and president of Metroweb, Franco Bassanini, met Vivendi chairman Arnaud de Puyfontaine, according ...

Vivendi assures ministers of commitment to Telecom Italia

Published 09 Jul 2015 10:37 CET | Italy
Vivendi is a long-term investor in Telecom Italia, according to assurances provided by Vivendi chairman Arnaud De Puyfontaine in ...

Generali sells 4% stake in Telecom Italia

Published 29 Jun 2015 08:50 CET | Italy
Italian insurance group Generali has reduced its stake in Telecom Italia to 0.076 percent from 4.307 percent, according to a ...

Vivendi becomes top Telecom Italia investor with 14.9% stake

Published 25 Jun 2015 08:38 CET | Italy
French media conglomerate Vivendi has increased its stake in Telecom Italia to 14.9 percent and replaced Telefonica as the ...





Calendar   /   Industry Events

22 Oct Nordic Entertainment Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Intel Q3 2020
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct AT&T Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct Rogers Q3 2020
23 Oct Doro Q3 2020
23 Oct Orange Belgium Q3 2020
23 Oct Airtel Africa H1 results
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct Megacable Q3 2020
27 Oct Telefonica Brasil Q3 2020
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct ZTE Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct Telecoms World Asia 2020
::: More Calendar Items