Rupert Murdoch’s Time Warner has inked a deal to sell AOL Germany’s internet access business to Telecom Italia (TI) for Eur 675m ($856m) cash. The deal, which is subject to regulatory approval, will make TI Germany’s second largest provider of broadband with around 3.2 million customers after Deutsche Telekom’s T-Online. It will also increase Telecom [...]
General Electric, Time Warner and Rupert Murdoch’s News Corp. have all emerged as potential players in Telecom Italia’s proposed spin off of its mobile operation. The news emerged Wednesday, when Prime Minister Romano Prodi’s office released details of a meeting between Telecom Italia head Marco Tronchetti Provera and Prodi. The Italian government is reportedly outraged [...]
NBC Universal on Tuesday announced that it has created a new company that will distribute video content to internet sites. Dubbed the ‘National Broadband Company’ (NBBC) the new firm will take content from the media giant’s networks and distribute it to chosen partners across the Web. NBC’s move comes as several large media firms announce [...]
Italian Prime Minister Romano Prodi said Tuesday that he was “surprised” by the scale of Telecom Italia’s (TI) reorganisation, announced Monday, and warned that the government is seeking more details. According to reports in the Italian press, Prodi said the government wants to know “the details and motivation” of the deal. The reports suggest Prodi [...]
The Dow Jones newswire is reporting that Telecom Italia is planning to sell its Brazillian mobile arm as soon as possible. Speculation has been building about the future of the unit since last week when rumours of a reorganisation first surfaced. On Monday the company split its fixed-line and mobile units in Italy to focus [...]
Telecom Italia (TI) said it has approved a major reorganisation to split its fixed-line and mobile businesses into two new companies. The reorganisation is designed, the company said Monday evening, to help it sharpen its focus on broadband and media activities both at home and across Europe. Speculation has raged around whether the firm would, [...]
Italy’s largest phone company Telecom Italia said on Monday that it will sharpen its focus on internet services including the sale of media content online as part of a reorganisation of the fixed-line and mobile units. According to reports, Telecom Italia (TI) is due to debate the plans in Milan this afternoon. The reports, which [...]