French media giant Vivendi has reported a $1.07 billion (€1.01 bn) loss for its 2022 trading year, which it blamed in part on its deconsolidation of its stake in Telecom Italia. The loss compares with its profits of $25.9 billion (€24.6bn) in 2021 and that influenced by it spinning off its 60 per cent stake […]
Italian free-to-air digital TV platform, Tivùsat, has reported 507,000 new activations in 2021 – almost double the average of previous years and a new record. With the new additions, the platform closed 2021 with 4.6 million active smart cards. Preliminary data from March 2022 reveals that the number of Tivùsat activations tripled compared to the […]
Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender Cassa Depositi e Prestiti (CDP) as it begins formal talks on the possible integration of its fixed network with that of rival Open Fiber, where CDP holds a 60 per cent stake. A series of talks have been plagued with delays and disagreements. […]
Telecom Italia (TIM) has received a €10.8 billion offer from US fund KKR aimed at taking Italy’s biggest telco private. KKR’s move comes as TIM’s CEO Luigi Gubitosi finds himself under grave pressure from top investor Vivendi following two profit warnings in recent months. TIM said KKR had set an indicative price of €0.505 for […]
Italy’s national Post Office says its digital services arm, PostePay, will launch FTTH services later this year. The company is already the country’s largest MVNO (by subscribers) via its PosteMobile unit, which has more than 4.3 million customers. The plan is to offer converged fixed-mobile services and expand its customer base to 5.1 million by […]
Telecom Italia has reached an agreement with DAZN to provide backing in its bid to obtain the TV rights to Italian Serie A football for the 2021-2024 seasons. The deal, subject to conditions, would see Telecom Italia providing distribution and technological support to the streaming platform, in addition to around €1 billion in financing, according […]