Feeds

Telecom Italia to mop up mobile minorities

Buys more shares in Plain English

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Telecom Italia is buying the outstanding shares in its mobile division for $21bn. It currently owns 56 per cent of Telecom Italia Mobile, which it spun off as a separate company in 1995. Shares in both companies will be suspended while the bid is decided.

Mobile telecoms have enjoyed better growth than fixed line business in recent years. By regaining full control Telecom Italia will have to extend its debt but should be able to increase dividend payments. The telco will have to borrow between €8bn and €12bn, according to sources quoted by the Financial Times.

One fund manager quoted by Bloomberg said it was a positive move and something the telco should have done some time ago.

Shareholders in TIM include some of Italy's best known industrial names, such as the Pirelli and the Benetton families. ®

Related stories

Telecom Italia slammed for spam hypocrisy
Mobile giants deny cartel slur
3 Italia: one million subscriber target postponed

Build a business case: developing custom apps

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?