French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.
Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.
Telecom Italia has announced it is to sell 17% stake of its subsidiary, Telecom Argentina to New York-based investor firm Fintech. The Italian incumbent said it plans to sell Telecom Argentina’s holding company Sofora’s entire shareholding to Fintech once it has received regulatory approval from the Argentinian regulator SECOM.
Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.
Telefonica has announced it will completely exit from Telecom Italia once its deal to acquire GVT from Vivendi, as agreed last week, is finalised. This means an end to a period of tense relations between the Spanish and Italian operators as they have battled over the Brazilian arm of Vivendi, and the chance to create a stronger local unit to compete in the Brazilian market.
Telecom Italia has reportedly initiated talks with Vivendi, in a bid to counter Telefónica’s bid for the latter’s Brazilian asset GVT, that could see Vivendi take a stake in either Telecom Italia or Telecom Italia Media, writes Digital TV Europe.
European operator group Telecom Italia has appointed Giuseppe Recchi as its chairman of the Board of Directors. Recchi’s appointment ends a six-month wait for a successor to former chairman Franco Bernabe, who also served as CEO at the firm.
Telecom Italia has found it can double its network’s peak data rate, and vastly increase network capacity using High Speed Uplink Packet Access (HSUPA) technology from infrastructure vendor NSN.
The director general of the GSMA, Anne Bouverot, has sent an open letter to EC Commissioner Neelie Kroes calling for policy reform that will encourage investment in Europe’s telecoms sector. Bouverot secured endorsements from the CEOs of ten European operators with a combined European mobile customer base of almost three quarters of a billion subscriptions, according to data from Informa’s World Cellular Investors service.
The carrier services arm of Telecom Italia, TI Sparkle, has announced an LTE roaming peering agreement with wholesaler iBasis, a subsidiary of Dutch operator group KPN.
Brazil’s antitrust regulator has ordered Spanish operator group Telefonica to relinquish part of its stake in TIM Brasil or seek a partner for its own Brazilian subsidiary Vivo.
Open source software developer Canonical has launched an operating system for both mobile handsets and PCs. Ubuntu 13.10 is the firm’s effort to create OS convergence across all devices and has been hailed by Canonical as the “first true mobile release of Ubuntu”. The firm added that it is working with partners to bring Ubuntu smartphone devices to market in 2014.
Franco Bernabè has resigned from the role of chairman at trade association the GSMA. President and CEO of Norwegian operator group Telenor, Jon Fredrik Baksaas, who currently holds the positionof deputy chairman of the GSMA, will take on the role of acting chairman effective immediately.
Italian operator Telecom Italia has announced that its chairman and CEO Franco Bernabè has resigned from his role. Bernabè tendered his resignation at a meeting of the operator’s Board of Directors, which will now be chaired by the vice president Aldo Minucci.
Operator group Vodafone has confirmed reports that it has taken legal action against Telecom Italia, for abuse of a dominant position in the Italian market. The group is seeking damages of more than €1bn.
Hutchison Whampoa, which operates the 3 brand in Europe, has announced that it is to buy Telefónica’s Irish mobile operation O2 for €780m, with a further €70m payable if a number of agreed financial targets are hit. It is the second consolidatory move made by Hutchison in recent months, following the acquisition of Orange Austria, which was completed at the end of 2012.
Open source software developer Canonical has established a Carrier Advisory Group for its Ubuntu smartphone OS. The group is to be led by David Wood, a former Psion engineer and one of the founder members of the original Symbian collaboration.
Telecom Italia has become the fourth European operator to join the Global M2M Association, a collaborative programme founded by Deutsche Telekom and Orange (then France Telecom) in February 2011. TeliaSonera joined in July 2011.
Russian operator MegaFon has become the latest carrier to join Teleónica’s partnership programme, which aims to pool resource, know-how and purchasing power across an international roster of telcos.
Operator group Telecom Italia has confirmed it is in talks over a potential takeover of Hong Kong based Hutchison Whampoa’s Italian operation.