Key Developments: Telecom Italia SpA (TI.N)

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Latest Key Developments (Source: Significant Developments)

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‚Äôs 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

Telecom Italia SpA sells building owned in via Negri 1 Milan
Monday, 31 Mar 2014 11:08am EDT 

Telecom Italia SpA:Announces to have sold the building owned in via Negri 1, Milan, to Fondo Inarcassa RE for 75 million euros.Says, the building, located close to Piazza Affari and the Duomo, offers 6 floors above ground and a basement floor, for a gross usable area of 11,600 square meters.Says the building, comprehensively renovated in 2007, hosts, primarily, offices and a telephone exchange on the ground floor and basement.Says together with the deed of sale, Telecom Italia signed a long term rental contract, the building will remain the Milan headquarters of the company.  Full Article

Telecom Italia SpA proposes non-distribution of dividends for ordinary shares and proposes privileged dividend for FY 2013; sees recovery of operating performance for FY 2014
Friday, 7 Mar 2014 01:31am EST 

Telecom Italia SpA:Proposes at the next Shareholders' Meeting the non-distribution of dividends for ordinary shares for fiscal year 2013.Says savings shareholders on the other hand will be paid the privileged dividend, set out in the Bylaws at 0.0275 euros per share, for a total amount of 166 million euros.Says the dividend will be payable starting from April 25, with a coupon date of April 22 (record date April 24).Expects a gradual recovery of the operating performance for the 2014 fiscal year in keeping with the dynamics of the 2014-2016 three-year Plan.  Full Article

Telecom Italia SpA signs agreement with Friuli Venezia Giulia region for digital check-up
Wednesday, 19 Feb 2014 07:00pm EST 

Telecom Italia SpA:Says it signed an agreement with the Friuli Venezia Giulia region to launch a digital check-up of the region.Says, through the digital check-up, it will be possible to identify any digital gap present in Friuli Venezia Giulia, analyze the reasons for such gaps and propose projects to overcome the gaps.  Full Article

Telecom Italia SpA signs agreement with ATB for optical fiber in Bergamo alta
Wednesday, 12 Feb 2014 07:00pm EST 

Telecom Italia SpA:Signs agreement with ATB Mobilita aimed at bringing the optical fiber to Bergamo alta.Says the agreement entails the use of the city's cable cars' tracks space in order to place the optical fiber cables.Says, through this procedure, it will be possible to extend the network coverage in the city by avoiding further excavations.  Full Article

Telecom Italia SpA appoints Aldo Minucci as Chairman
Thursday, 6 Feb 2014 01:30pm EST 

Telecom Italia SpA:Says the Board appointed Aldo Minucci as Chairman of the Board of Directors.Says Director Aldo Minucci previously held the office of Vice Chairman.  Full Article

Telecom Italia SpA issues 1 billion euro bond
Thursday, 16 Jan 2014 12:48pm EST 

Telecom Italia SpA:Announces that it issued a 1 billion euro, fixed rate bond offered to institutional investors.Says yield of the bond, equal to 4.594 percent, is below the average cost of debt (5.4 percent at the end of Sep. 2013).Says proceeds of this issue will be used to refinance maturing debt.  Full Article


Spain's Telefonica in talks to exit Telecom Italia: report

- Spain's Telefonica SA is in talks to sell its stake in Telecom Italia in a move that could ease regulatory pressure in Brazil's wireless market, Brazilian newspaper Folha de S.Paulo reported on Friday.

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