If Telecom Italia cannot land the deal for a single network that it so desperately wants, the slide is likely to continue.

KKR previously submitted an EUR1.8 billion offer to be Telecom Italia's exclusive partner in fiber-network development and take a 37.5% stake in its fixed network. The phone company’s board will meet again on that date, people said.The government doesn’t want to interfere with Telecom Italia, but rather demonstrate a strong commitment to promoting a national and integrated ultrabroadband network, according to a government official. The Italian government interrupted Telecom Italia SpA’s Tuesday board meeting to halt the sale of part of its network to a private equity firm, just as executives were about to approve the deal. Related posts: Big telcos have cut headcount by 9% since 2015 Italy is positioning to become an influential shareholder in a tightly regulated broadband operator it plans to create by brokering a merger of Telecom Italia's (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters.Telecom Italia has asked state lender CDP to invest in its last-mile network to allay Rome's concerns over the planned sale of part of the grid to U.S. firm KKR, two sources close to the matter told Reuters.CSC, the Centre's special purpose vehicle (SPV) to deliver e-Governance services, is aiming to deploy as much as 5 lakh fibre-to-the-home (FTTH) connections to facilitate high-speed Internet access in India's villages by September this year.A war of words between Telecom Italia (TIM) and Open Fiber over the creation of a single broadband network in Italy escalated on Tuesday as Telecom Italia called its smaller rival's business model a "failure".A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks' to deploy a low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines, two government officials told Reuters.

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Telecom Italia has announced its plan to separate its fixed access network division into a new independent legal entity, known as Netco. Government requests delay to sale of secondary network

At 1115 GMT, Telecom Italia shares traded 5.7% higher at EUR0.39. The company said it sees service revenue dropping in the mid-single digits for the full year.“The government has demonstrated that it wants to get serious on two fronts: to encourage the creation of a single national wholesale infrastructure and to reiterate its willingness to interfere in the management of listed companies in a managerial manner,” said Alberto Carnevale Maffe, professor at Milan’s Bocconi University. Representatives for Huawei in Italy and Brazil declined to comment.. Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in Italy.India's Supreme Court on Friday asked bankrupt telcos like RCom, Aircel, and Videocon Telecommunications to furnish details of companies using thier spectrum.The telecom operator recently said that Idea postpaid customers were migrated to ‘Vodafone Red’ plan. All Rights Reserved. A spokesman for Telecom Italia declined to comment beyond the company’s statement.Telecom Italia’s board had gathered late Tuesday to approve the company’s second-quarter results, and were Both Telecom Italia and KKR agreed to the delay of the stake sale, which will see them postpone the sale of part of the asset until Aug. 31.

A television communications tower stands inside the headquarters of Telecom Italia SpA in Rozzano, near Milan.A television communications tower stands inside the headquarters of Telecom Italia SpA in Rozzano, near Milan.The Italian government interrupted Telecom Italia SpA’s Tuesday board meeting to halt the sale of part of its network to a private equity firm, just as executives were about to approve the deal.Telecom Italia shares rose as much as 5.2% in Milan trading, outpacing the FTSEMIB Index and the Stoxx 600 Telecommunications index.Finance Minister Roberto Gualtieri and Development Minister Stefano Patuanelli’s letter to Telecom Italia marks another major intervention by Prime Minister Giuseppe Conte’s government into a decision of a private listed company. Updates with comment in last paragraph, updates share price.

Copyright © 2020 ETTelecom.com. Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in Italy.