TELECOM ITALIA
'An intelligence revolution is upon us. You have to disrupt yourself': Citibank Vice Chairman Viswas Raghavan
Viswas Raghavan shares his journey from Mumbai to leading Citi's banking operations in over 100 countries. He emphasizes the growth of Citi's corporate and investment banking services in India and globally. Raghavan reflects on the importance of emotional intelligence as he advanced in his career. He highlights the challenges facing global banks in retail banking and foreign investments in India.
INWIT investors line up financing for possible take-private, sources say
Shareholders of INWIT are reportedly arranging financing for a potential take-private bid amid ongoing disputes. The investors involved include Ardian and Oak Holdings, which control significant shares of INWIT. Discussions are reportedly in progress with banks to secure funding for the buyout. INWIT's value has declined due to contract termination efforts by major customers Telecom Italia and Fastweb.
ET Interview: India’s aspirational middle class gives it demographic edge, says Verlinvest CEO Roberto Italia
Verlinvest is planning to invest €1 billion in India over the next five years, reflecting the country's economic dynamism. The firm identifies opportunities in various sectors, including health, fitness, and digital content. India's growing middle class has shown an increasing willingness to spend on consumer products and services. The digital revolution in India is transforming consumption patterns and driving new economic activities.
Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges
European shares slipped as surging oil prices raised inflation concerns amid escalating Middle East tensions and threats to Gulf energy infrastructure. The STOXX 600 fell 0.2%, while Germany and France declined. Novartis plunged after a second drug trial setback, whereas Sandoz gained on ambitious long-term growth targets. Investors monitored energy risks.
Italy plans $1.5 billion SpaceX telecom security services deal
Italy is negotiating with SpaceX to provide secure telecommunications services for the government in a €1.5 billion, five-year deal. This deal would include encryption for telephone and internet services, military communication services, and emergency satellite services. The project has been cleared by Italy's Intelligence Services and Defense Ministry.
Telcos draw up proposal for charging Big Tech for EU 5G rollout
The proposal is part of feedback to the European Commission which launched a consultation into the issue in February. The deadline for responses is Friday.
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European shares open higher on Telecom Italia boost
Shares of Telecom Italia (TIM) jumped 4.1% as Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of the former phone monopoly, adding it would be valid until March 31
EU eyes Big Tech as it seeks feedback on who should pay network costs
The move by the EU executive followed more than two decades of lobbying by Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators who want leading technology companies to contribute to 5G and broadband roll-out.
European shares slip as crisis in Ukraine deepens
Declines in financial and technology stocks countered gains in basic and defensive sectors, leaving the pan-European STOXX 600 index 0.2% lower.
China data deals another blow to European shares
Europe's STOXX 600 managed, barely, to hover flat as gains in telecoms and industrials helped offset the China strain.
Telecom Italia Q1 profit down, expects profit recovery
The revenues of Telecom Italia have fell 11.9 per cent to 5.19 billion euros, against a consensus forecast of 5.22 billion.
Telecom Italia has received $1 billion offer for Telecom Argentina
Telecom Italia received an offer worth about $1 billion for its stake in Telecom Argentina a few weeks ago, chief executive Marco Patuano said.
Vodafone sues Telecom Italia for 1 billion euros in competition claim
The lawsuit comes as Telecom Italia is moving ahead with a plan to spin off its fixed-line copper network, which rivals say gives it a competitive edge.
Regulators end probe of big 5 EU telecom firms over standards
EU antitrust regulators said they were closing a investigation into telecoms firms over development of new technology standards for mobile services.
TRAI recommendations to curtail investments in telecom: GSMA
"TRAI's proposed reserve prices for upcoming spectrum auctions are so prohibitively high that they will inevitably curtail mobile operator investment in mobile broadband infrastructure and increase prices to consumers," GSMA said in a statement.
Telecom Italia to cut 4,000 more jobs; sell 3 bn euro assets
Telecom Italia will slash more 4000 jobs and sell assets worth 3 billion euro following its restructuring and growth plan.
Telecom Italia says it will cut 4,000 jobs in Italy
Italian telecommunications group Telecom Italia said on Wednesday it would cut a further 4,000 jobs in Italy from 2009 to 2011 as part of a restructuring plan.
Emerging Asian market telcos eye India pie
Japan’s NTT DoCoMo, UAE’s Etisalat, Bahrain Telecom, Egyptian giant Orascom, Saudi Telecom and others now want a share in the Indian telecom pie.
Stocks to watch on Thursday
Stocks are likely to witness a sharp fall on Thursday as fears that the global credit crisis could worsen further rattled investor confidence across the globe.
Telecom Italia buys 49% in Unitech's telecom arm
Pips Norway’s Telenor; pays $2 billion for stake in JV with realty major.
Telenor eyes 26% in Unitech arm for $500 m
Norway's telecom firm Telenor is learnt to be close to picking up a 26% stake in Unitech Wireless, the telecom arm of real estate firm Unitech for around $500 mn.
Unitech mops up Rs 1,200 crore for telecom venture
Unitech has raised Rs 1,200 crore for its telecom venture from a syndicate of public sector banks led by Punjab National Bank and Canara Bank.
Global majors threaten to hang up on new telcos
The government’s go-ahead for foreign telcos to bid for 3G spectrum has come as a blow for new Indian operators like Unitech Wirelss, Essar group’s Loop Telecom and Videocon’s Datacom Solutions.
Telecom Italia H1 earnings down 24 per cent
Telecom Italia SpA said on Friday that first-half net profit fell 24 percent from a year earlier due to restructuring costs and increased competition in Brazil and Germany.
Telecom Italia to cut 5,000 jobs to reduce costs, maintain investments
Telecom Italia will cut 5,000 jobs by 2010, mostly through the merger of the fixed and mobile units, chief executive Franco Bernabe said in an interview published Thursday.
Alcatel-Lucent signs submarine cable network contract
Alcatel-Lucent has signed a turnkey contract with a consortium of nine telecom players to deploy a new submarine cable network linking Mumbai to Marseilles in France, which is over 13,000 km away.
Israeli startup to launch tiny phone that slips into gadgets
An Israeli startup has convinced wireless carriers in three countries to try a new concept: a tiny cell phone that pops into interchangeable "jackets" to become a bigger, smarter phone or into other gadgets to connect them to the internet.
BSNL plans global alliance with Telecom Italia
State-Owned BSNL plans to enter into a global alliance with Telecom Italia for its international calling card business.
Hindujas eye stake in Telecom Italia
Keen to add telecom to its portfolio, Hindujas being in race for HEL also eye stake in Telecom Italia.
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