Feeds

Aged entrepreneur seeks Italian telco

Wind in play

  • alert
  • submit to reddit

Top three mobile application threats

A veteran Italian businessmen is considering an offer for Wind, the Italian telco.

Wind is the third largest mobile operator in Italy, with a 16 per cent market share, and the country's largest Internet Service Provider.

Cesare Romiti, former chief executive of Fiat, heads a consortium which is interested in buying the firm. The 81 year-old will make his move next week, according to the Financial Times. He says is interested in buying the whole group but will also discuss possible partnerships.

Wind is owned by utility group Enel, which last month rejected a bid by Romiti. At the time Enel said the undisclosed offer - thought to be around €5bn - was unacceptable.

Enel is known to be interested in getting out of the telco market either by selling Wind or floating it on the stock market. Deutsche Telecom and France Telecom helped Enel set up the firm in 1997, but both subsequently sold their stakes.

The Italian telco market is already undergoing a shakeup with Telecom Italia's decision this week to buy out the remaining shares in its mobile division. ®

Related stories

Telecom Italia to mop up mobile minorities
Europeans ditch TV for PC
Italian Senate in gay porn worm attack outrage

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.