0
General

TIM still discussing asset sales, Nextel bid

Tuesday 25 September 2018 | 08:37 CET | News
Telecom Italia (TIM) confirmed that it analysed possible investments and asset divestitures at a board meeting held on 24 September but the discussions remain ongoing. "Telecom Italia's board of directors reviewed opportunities to invest in assets and dismiss non-core assets," said the company in a short statement. Bloomberg reported that CEO Amos Genish proposed making an offer for Brazil's fifth largest mobile operator Nextel via TIM Brasil to help the unit gain market share and spectrum in the country.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: Nextel / RAI / Telecom Italia / TIM / TIM Brasil
Countries: Brazil / 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

TIM Brasil names Labriola as new CEO

Published 04 Apr 2019 15:47 CET | Brazil
TIM Brasil has named Pietro Labriola as the new CEO, a position which he will hold alongside his role as board member. With over ...

TIM Brasil plans board changes after AGM

Published 27 Feb 2019 13:39 CET | Brazil
TIM Brasil has scheduled for 28 March its general meeting of shareholders. On the agenda are the 2018 financial balance sheet, ...

TIM network spinoff could cost 20,000 jobs - unions

Published 22 Nov 2018 16:14 CET | Italy
The operator has a workforce of around 50,000 in Italy and has been exploring the separation of its last-mile network for some ...

Sparkle opens new PoP on US-Mexico border

Published 21 Nov 2018 08:44 CET | Italy
Sparkle, the international services arm of the Telecom Italia Group, has expanded its global IP tier-1 backbone with a new Point ...

TIM board to hold 18 November meeting on new CEO

Published 16 Nov 2018 11:07 CET | Italy
Genish was stripped of his executive powers earlier this week after he reportedly lost the support of US activist fund Elliott ...

Telecom Italia CEO Genish ousted by board, chairman takes over

Published 13 Nov 2018 11:32 CET | Italy
Telecom Italia (TIM) has announced that its chief executive Amos Genish has been relieved of his powers following a majority vote ...

TIM Brasil net profit jumps on merger gain, revenues up 4.4%

Published 07 Nov 2018 14:22 CET | Brazil
TIM Brasil reported a net profit of BRL 1.3 billion in the third quarter of 2018, up 379.3 percent from the same period last ...

Gedi preparing bid for TIM's Persidera unit - report

Published 31 Oct 2018 09:18 CET | Italy
Italian publisher Gruppo Editoriale L'Espresso (Gedi) is preparing a bid to acquire Telecom Italia's 70 percent stake in media ...

TIM ready to accept Persidera bid, hire advisor to sell Sparkle - report

Published 29 Oct 2018 15:32 CET | Italy
Telecom Italia (TIM) is set to accelerate efforts to sell non-core assets including submarine network unit Sparkle and media unit ...

Telecom Italia board situation 'becoming unsustainable' - CEO

Published 08 Oct 2018 09:10 CET | Italy
Tensions between management, board and shareholders at Telecom Italia (TIM) are "creating a lot of trouble and becoming ...

Rai Way submits binding offer for Telecom Italia's Persidera

Published 25 Sep 2018 15:12 CET | Italy
Rai's towers subsidiary Rai Way has announced a revised offer for Persidera, the former Telecom Italia Media Broadcasting ...

Brazilian start-up offers Push-to-Talk service on smartphones

Published 25 Sep 2018 15:06 CET | Brazil
Now that Nextel has discontinued its iDEN (integrated Digital Enhanced Network) wireless service in Brazil, a start-up company is ...

TIM Brasil launches initiatives for employees with disabilities

Published 25 Sep 2018 11:25 CET | Brazil
TIM Brasil is increasing its efforts at inclusion by investing in measures aimed at employees with disabilities. The Internal Elo ...

TIM mulling bid for Brazil's Nextel - report

Published 20 Sep 2018 09:16 CET | Brazil
Telecom Italia (TIM) is evaluating a bid for Brazil's fifth largest mobile operator Nextel via its TIM Brasil unit, according to ...

CDP cited as potential buyer of TIM's Sparkle unit - report

Published 12 Sep 2018 15:35 CET | Italy
State lender Cassa Depositi e Prestiti (CDP) has emerged as a potential buyer of Telecom Italia's international services arm ...

TIM chief commercial officer Pietro Scott Jovane leaves group

Published 12 Sep 2018 14:25 CET | Italy
Telecom Italia (TIM) has announced that its Chief Commercial Officer Pietro Scott Jovane is leaving the company due to personal ...

Elliott accuses Vivendi of 'short-termism' in war of words over Telecom Italia

Published 10 Sep 2018 14:06 CET | Italy
US activist shareholder Elliott has issued a statement strongly rejecting Vivendi's recent criticism of the company's performance ...

Di Maio rules out sale of TIM's Sparkle unit

Published 10 Sep 2018 08:31 CET | Italy
Italy's industry minister Luigi di Maio has categorically ruled out a sale of Telecom Italia's international services arm Sparkle ...

Vivendi slams TIM's 'disastrous' performance since Elliott takeover

Published 06 Sep 2018 08:42 CET | Italy
French media giant Vivendi has slammed the performance of Telecom Italia (TIM) since activist fund Elliott seized control of the ...

NII Holdings expects bids for Nextel Brasil in September – report

Published 08 Aug 2018 11:54 CET | Brazil
NII Holdings expects to receive bids for mobile operator Nextel Brasil in September, a source familiar with the matter told ...

Italian govt still interested in TIM-Open Fiber wholesale network tie-up

Published 30 Jul 2018 14:45 CET | Italy
Italy's industry minister Luigi di Maio has confirmed the government's interest in exploring the creation of a single wholesale ...

Rai Way still interested in bidding for Persidera

Published 27 Jul 2018 08:58 CET | Italy
Rai's towers subsidiary Rai Way has announced that it's still interested in bidding for Persidera, the former Telecom Italia ...

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

Published 25 Jul 2018 08:25 CET | Italy
Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable ...