Pirelli & C SpA Chairman, Marco Tronchetti Provera, has set a November 15 deadline for the sale of his company’s stake in Telecom Italia to a consortium of investors led by Spain’s Telefonica.
Pirelli agreed in April to sell off an 18% stake in the Italian telephone incumbent to a holding company owned by Telefonica, Assicurazioni Generali, Intesa Sanpaolo, Mediobanca, and Sintonia.
This consortium will take ownership of 2.407 billion Telecom Italia shares at 2.82 each, for a total of 6.8 billion, or 4.1 billion after the assumption of debt.
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| CRTC Sets February 2010 Deadline for Enhanced 911 on Mobile Networks
30/01/2009
ATB Financial, an Alberta-based bank, has reached a deal with Telus Corp. that will allow customers to conduct financial transactions on their mobile phones.Telus is launching a 90-day pilot project to test the service, which will then be made available to all ATB... |
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| VoIP Poses Only a Minor Threat to European Telecom Incumbents
10/07/2006
Contrary to popular belief, the increasing popularity of VoIP technology poses little threat to the long-term success of traditional telephone providers in Europe, according to a recent report by Moody`s Investors Service.Although it seems a given that VoIP services... |
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| Telecom Carriers Maintain Slight Triple Play Advantage
21/06/2006
The Diffusion Group has released a study indicating that telephone carriers have a slight lead over cable companies when it comes to the triple play bundled service market.An April 2006 survey conducted by the research firm suggests that 33% of U.S. adults would rather... |
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| Cable-Telecom Competition is “Intense,” Says Comcast Marketing Exec
02/08/2006
Comcast marketing president, Marvin Davis, agrees with the industry consensus that competition will continue to intensify between cable and telephone providers.When asked how the communication market`s competitive landscape has changed in the past year, Davis commented... |
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