Italian government wants say on TIM takeover

The Italian government has said that it wants to control TIM’s key strategic assets in the event of any takeover.  The leading Italian operator, which owns the country’s largest telecoms infrastructure, received a €10.8 billion approach from US-based investment company KKR in late 2021. The deal would take the financially struggling TIM private, offering a […]

TIM reorganises management with technology and strategy chiefs to go

Telecom Italia (TIM) is reorganising its management, with Nicola Grassi, chief technology and operations officer, and Carlo Nardello, chief strategy, business development and transformation officer, both to leave the Company. Grassi’s role will be merged into a new chief network, operations and wholesale office function assigned to Stefano Siragusa who will take on the role […]

Vivendi ‘open’ to TIM network carve out

Vivendi has indicated that it may be open to the Italian state taking control of Telecom Italia’s (TIM) network infrastructure, a likely preliminary to the acquisition of TIM by US-based private equity outfit KKR. A Vivendi spokesperson told La Repubblica newspaper that the French company was interested in any outcome that promoted the efficiency of […]

Fibre growth lifts Movistar Colombia’s TV base to new heights

Movistar Colombia has surpassed the milestone of 20 million customers – the majority of them for its mobile service – and has grown its pay TV base by 80% to over half a million. The Telefónica-owned operator said that growth in its fibre broadband base had boosted take up of its TV offering, which grew […]

KPN rejects bids

Dutch telco KPN has said it has rejected two bids to acquire the company on the grounds that they failed to offer an additional value over the company’s own growth strategy. KPN said that its boards concluded that both approaches fail to provide tangible and material added value over KPN’s recently updated growth strategy KPN […]

ProSiebenSat.1 ‘not in discussion’ with Mediaset or CMI

ProSiebenSat.1 is not involved in any discussions with shareholders Mediaset or Czech Media Invest (CMI) over strategy or any possible combination of businesses, according to CEO Rainer Beaujean, answering an analyst question after the German broadcaster posted a 25% drop in revenues for Q2. Beaujean said that there were “no further discussions currently about strategy […]

KKR and Cinven bid for MásMóvil could pave way for Spanish shake-up

Private equity groups KKR and Cinven have teamed up to make a friendly takeover bid for Spain’s fourth-ranked telecom operator MásMóvil for up to €2.963 billion, which could pave the way for a long-awaited shake up of the Spanish telecom market.   The funds are offering €22.50 a share for the operator, which has been […]

Mediaset hit by coronavirus in Q1

Mediaset saw its revenues hit by the Italian and Spanish markets’ exposure to the coronavirus crisis in the quarter to March. The broadcaster posted sales of €682.1 million, down from €718.2 million for the same period last year. Revenues in Italy fell from €492.1 million to €452.4 million. Mediaset said that revenues in both markets […]

KKR takes stake in ‘undervalued’ ProSiebenSat.1

Private equity outfit KKR has revealed that it has acquired a 5.2% stake in German commercial broadcaster ProSiebenSat.1, causing the German firm’s shares to rise on the Frankfurt stock exchange. KKR told Reuters that it had decided to invest in the broadcaster because it believes that the market is undervaluing the company. It said that […]

KKR plans German media powerhouse with Tele München acquisition

Private-equity group KKR has acquired German media group Tele München Group (TMG) from its owner Herbert Kloiber after 42 years of the latter’s ownership of the outfit, with plans to refocus the company to take advantage of digital disruption. KKR has named former ZDF entertainment chief, Sat.1 and Kirch Media MD and Constantin Media chief […]