Key Developments: Telecom Italia SpA (TI.N)

TI.N on New York Stock Exchange

11.34USD
30 Sep 2014
Price Change (% chg)

$-0.22 (-1.90%)
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$11.56
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Latest Key Developments (Source: Significant Developments)

Telecom Italia SpA says Board confers powers to management to change sale process of Telecom Argentina SA to Fintech
Friday, 26 Sep 2014 04:12pm EDT 

Telecom Italia SpA:Says the Board has conferred powers on the management to evaluate and define with Fintech possible amendments to the sale process of the Group's entire controlling stake in Telecom Argentina SA.The sale was previously agreed in the contract signed on Nov. 13, 2013.The negotiations will follow a term sheet setting out certain principles to manage the delay in obtaining required regulatory approvals, including certain guarantees for the company.Says, in the meantime, as proposed by Fintech, the agreement entered into last year will remain in force until Oct. 24.  Full Article

Vivendi to sell GVT to Telefonica for cash and shares in Telecom Italia contribution-Reuters
Friday, 19 Sep 2014 01:38am EDT 

Vivendi SA:Signs final agreement for sale of its Brazilian unit GVT to Telefonica - Reuters.Agreement includes payment of 4.66 billion euros in cash, from which bank debt of about 450 million euros and adjustments in working capital to be deducted.Vivendi is also to receive 7.4 pct of Telefonica Brasil shares and 5.7 pct of Telecom Italia shares.  Full Article

Telecom Italia SpA says term of sale of Telecom Argentina SA extended to Sept. 25
Tuesday, 2 Sep 2014 01:34am EDT 

Telecom Italia SpA:Telecom Italia and Fintech have agreed to extend to Sept. 25, at terms and conditions in place, the term of the stock purchase agreement entered into on Nov. 13, 2013, for the sale of Telecom Italia’s entire direct and indirect controlling interest in Telecom Argentina SA.  Full Article

Telecom Italia SpA acknowledges Vivendi decision on GVT unit-Reuters
Thursday, 28 Aug 2014 03:07pm EDT 

Telecom Italia SpA:Telecom Italia said on Aug. 28 it "took note" of the decision by Vivendi to enter into exclusive talks with Spain's Telefonica over the sale of the French media company's Brazilian unit GVT-Reuters.Earlier, Vivendi picked Telefonica for exclusive talks over the sale of GVT, spurning Telecom Italia's rival bid.Telecom Italia said it would continue to pursue its development and investment plans in Brazil in line with its 2014-2016 business plan.  Full Article

Vivendi SA receives offers for wholly-owned subsidiary GVT from Telecom Italia and Telefonica
Thursday, 28 Aug 2014 02:24am EDT 

Vivendi SA:Receives two binding offers for wholly-owned subsidiary GVT in Brazil, one from Telecom Italia and another from Telefonica.Says the Telecom Italia offer represents a total enterprise value of 7 billion Euro.Says it includes a part in cash (1.7 billion Euro), a part in Telecom Italia shares(16 pct of share capital and 21.7 pct of voting rights) and and a part in TIM Brasil shares (15 pct).Says the offer expires on Sept. 10.Says Telefonica offer, received last Aug. 4, represents a total enterprise value of 7.450 billion Euro.Says it includes a part in cash, 4.663 billion Euro as well as a part in Telefonica Brasil shares, 12 pct of which about one third can be exchanged at Vivendi's discretion for 5.7 pct of the share capital and 8.3 pct of the voting rights in Telecom Italia.Says this offer expires on Aug. 29.Says the two financial offers also include proposals for content partnerships.Examines the two offers and will decide what actions to take as a result.  Full Article

Telecom Italia SpA says term of sale of Telecom Argentina extended to Sept. 1; conditions of agreement signed with Fintech remain unchanged
Tuesday, 12 Aug 2014 01:33am EDT 

Telecom Italia SpA:Says Telecom Italia and Fintech have agreed to extend to Sept. 1, at terms and conditions in place, the term of the stock purchase agreement entered into on Nov. 13, 2013, for the sale of Telecom Italia's entire direct and indirect controlling interest in Telecom Argentina SA.  Full Article

Telecom Italia SpA issues 10-year bond for $1.5 bln
Thursday, 22 May 2014 04:49pm EDT 

Telecom Italia SpA:Issues 10-year bond for $1.5 billion.Settlement date: May 30.Maturity: May 30, 2024.Coupon: 5.303 percent.Issue price: 100 percent.Redemption price at maturity: 100 percent.Actual yield to maturity 5.303 percent, corresponds to yield of 275 basis points above corresponding US Treasury bond.  Full Article

Telecom Italia SpA says does not agree with Lazio Regional Administrative Court's decision; to appeal to Council of State
Thursday, 8 May 2014 02:37pm EDT 

Telecom Italia SpA:Acknowledges the rejection by the Lazio Regional Administrative Court of its appeal to cancel the ruling by the Autorita Garante per la Concorrenza e il Mercato (Italian Competition and Market Authority).The ruling imposed in May 2013 a monetary sanction for more than 103 million euros for alleged abuses of dominant position in the access service market.Says Telecom Italia intends to reaffirm that its behavior was correct with regards to equality of access to the network for alternative Operators.Says it believes that the administrative judge of first instance did not adequately consider the numerous and detailed reasons presented in the company’s appeal.Says Telecom Italia intends to continue its action to obtain recognition of the legality of its conduct towards its competitors, and will shortly appeal to the Council of State against the TAR's decision.  Full Article

Telecom Italia SpA approves FY 2013 privileged dividend; appoints Giuseppe Recchi as Chairman
Wednesday, 16 Apr 2014 06:06pm EDT 

Telecom Italia SpA:Approves the distribution of a privileged dividend of 0.0275 on saving shares.The dividend will be payable from April 25 (record date April 24) with a coupon date of April 22.Appoints Giuseppe Recchi Chairman of the new Board of Directors.  Full Article

Telecom Italia SpA signs agreement with Sky for Sky offer on Telecom Italia ultrabroadband networks
Thursday, 10 Apr 2014 06:40am EDT 

Telecom Italia SpA:Signs an agreement with Sky that will allow Telecom Italia customers to access the whole Sky television offer through its ultrabroadband networks, with a My Sky HD decoder specially created for Internet TV.Says the offer will be available from FY 2015.Says the Sky offer will be primarily directed towards customers who have an optic fibre connection, and will be a driver for the development of ultrabroadband.  Full Article

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Sawiris says still interested in Telecom Italia

FRANKFURT - Egyptian tycoon Naguib Sawiris would invest in Telecom Italia as long as the company kept its stake in Brazilian mobile operator TIM Participacoes , he said on Monday, as foreign bid interest picks up in the struggling operator.

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