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Acotel Group SpA (ACO.MI)

ACO.MI on Milan Stock Exchange

5.91EUR
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Acotel reaches settlement agreement with Intesa Sanpaolo over Noverca
Tuesday, 21 Mar 2017 10:26am EDT 

Acotel Group SpA : Reaches agreement with Intesa Sanpaolo over settlement of dispute related to mobile network virtual operator Noverca . Acotel Group and Noverca Italia Srl (in liquidation) commit to not appeal to the judgment the court of first instance of Turin on Nov. 17, 2016 . The agreement also provides for a reduction in the amount owed to the bank by Noverca from about 6.2 million euros ($6.70 million) at Dec. 31, 2016, to 1.1 million euros, as a result of Intesa Sanpaolo's forgiveness of the debt .The debt has been transferred to Acotel Group, which paid 550,000 euros on the signature of the agreement, and has undertaken the commitment to pay five further annual installments of 110,000 euros each.  Full Article

Acotel Group FY net loss shrinks to EUR 5.5 mln
Tuesday, 14 Mar 2017 10:55am EDT 

Acotel Group Spa : FY net loss 5.5 million euros ($5.85 million) versus loss 10.7 million euros a year ago .FY total revenue 22.4 million euros versus 36.0 million euros a year ago.  Full Article

Acotel Group auditors see significant doubts over company's ability to stay in business
Friday, 7 Oct 2016 10:30am EDT 

Acotel Group SpA :Auditors say there are significant doubts over the company's ability to stay in business.  Full Article

Acotel Group H1 net loss widens to EUR 6.9 mln
Tuesday, 27 Sep 2016 09:29am EDT 

Acotel Group SpA : Reports H1 net loss 6.9 million euros ($7.73 million) versus loss 2.3 million euros a year ago . H1 revenue 11.7 million euros versus 19.4 million euros a year ago .Says drop in H1 revenue can be attributed to reduced turnover at the Acotel Interactive business area, hit by a slowdown in its Italian and South American markets, essentially reflecting commercial issues and regulatory interventions.  Full Article

Acotel Q1 net loss widens to EUR 2.4 mln
Friday, 13 May 2016 07:36am EDT 

Acotel Group SpA : Q1 net loss 2.4 million euros versus loss 0.9 million euros a year ago .Q1 revenue 7 million euros versus 9.8 million euros a year ago.  Full Article

Acotel Group SpA To incorporate unit Acotel SpA
Monday, 14 Mar 2016 10:12am EDT 

Acotel Group SpA:To incorporate unit Acotel SpA into Acotel Group SpA.  Full Article

Acotel Group SpA - Italy's antitrust watchdog opens probe into Enel's smart meters - Reuters
Thursday, 10 Dec 2015 08:45am EST 

Acotel Group SpA:Italy's competition watchdog has launched an investigation into Enel ENEI.MI for alleged abuse of a dominant market position, potentially casting a shadow over the power utility's efforts to help the government roll out a domestic fiber-optic network. - RTRS.In a statement posted on its website on Thursday, the authority said it was investigating whether Enel, Italy's biggest power utility, was hampering fair competition in the smart metering business, which measures electricity consumption. - RTRS."The case concerns the hypothesis of an abuse of a dominant position by Enel ... hampering in various ways the operation of a competing company in this sector and threatening the competitive development of those innovative services," it added. - RTRS.Police and the authority also searched the offices of Enel's distribution unit, the parent company and other associated companies on Thursday, the watchdog said, adding it expected to conclude the investigation by the end of next year. - RTRS.The probe follows a complaint by Rome-based telecommunications group Acotel ACO.MI. - RTRS.Enel said it was fully collaborating with the authorities and had "always acted in accordance with the regulatory framework in force and had never posed any obstacle to the full and legitimate exercise of competition". - RTRS.  Full Article

More From Around the Web

BRIEF-Acotel reaches settlement agreement with Intesa Sanpaolo over Noverca

* Reaches agreement with Intesa Sanpaolo over settlement of dispute related to mobile network virtual operator Noverca