Vivendi reacts with fury to TIM network sale to KKR

Vivendi has reacted furiously to Telecom Italia’s (TIM) board’s decision to accept an offer from private equity outfit KKR for TIM’s Italian fixed network. In a strongly worded statement, Vivendi, a major shareholder in the Italian telco, said that “shareholders’ rights have been trampled on” by a deal was approved without informing and requesting a […]

KKR asks TIM to extend deadline for NetCo bid

The US-based private equity investor KKR has requested Telecom Italia (TIM) to extend the September 30 deadline to submit a binding offer for the sale of the company’s fixed-line network assets. The teclo revealed the investment company asked to extend the deadline period to 15 October to conclude the reparatory activities before it submits the […]

DAZN and TIM face €8m fine over Serie A rights deal

The Italian Competition Authority (AGCM)  has imposed a fine of over €8million on sports streamer DAZN and telco provider TIM for the broadcasting rights of Serie A soccer league matches. DAZN faces the worst of it with a €7,240,250.84 fine from the Italian authority, with TIM expected to pay €760,776.82. It comes following an investigation […]

CdP teams up with Macquarie for rival TIM infrastructure bid

Telecom Italia (TIM) it has received a non-binding offer from a consortium formed by Cassa Depositi e Prestiti (CdP Equity) and Macquarie Infrastructure for the purchase of 100% of the company to be set up for the management and infrastructure of TIM’s fixed network. The bid includes the assets and activities of last-mile infrastructure outfit […]

KKR makes a bid for Telecom Italia

US-based investment company KKR has made a new non-bidding offer to take Telecom Italia (TIM). The undisclosed offer is for a purchase of a stake in the company that matches with the fixed-line network management and infrastructure perimeter, including FiberCop’s assets and activities, as well as the stake in Sparkle known as “Netco”. TIM, Italy’s biggest telecommunications services […]

Vivendi’s De Puyfontaine quits TIM board

Vivendi chief executive Arnaud De Puyfontaine has resigned his position as a member of the board of Telecom Italia (TIM), with immediate effect. De Puyfontaine said that, in this phase of constructive dialogue between TIM’s main shareholders and the Institutions, under the new government’s leadership, it was fundamental that all the relevant parties may be […]

Sky Italia and DAZN forge streaming and TV partnership

Pay TV giant Sky and sports streamer DAZN have signed an agreement in Italy that makes DAZN’s app available on Sky Q from August 8. The deal will also allow Sky subscribers to access the Zona DAZN channel via the Sky decoder for a special rate, offering seven DAZN exclusive Serie A TIM matches per round and a selection […]

Vivendi ups price tag for TIM landline network

Vivendi wants €31 billion from the sale of TIM’s landline network, a new report has said. The Italian telco is currently exploring a deal to sell its landline network, and has agreed a preliminary deal for its fixed network assets with its second biggest investor CDP. At the time, it was reported that TIM valued […]

Italian watchdog rejects proposals from DAZN and TIM over Serie A probe

The Italian antitrust body has rejected proposals from DAZN and TIM to curb its probe into the pair’s deal to distribute Serie A matches in Italy. According to Reuters, new documents shown on Monday show that both TIM and DAZN submitted proposals in an effort to convince the regulator that the partnership would not negatively […]

TIM and CDP strike deal to combine operator’s fixed network assets with Open Fiber

Telecom Italia (TIM) has agreed a deal with Italian state investor CDP to combine its fixed network assets with Open Fiber. The tie-up aims to create an ultra-fast broadband network across Italy, a country that has historically been plagued by coverage issues in mountainous and rural areas.  The preliminary agreement between TIM and CDP also […]

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