Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of smaller broadband rival Open Fiber...
CVC, other funds circle Telecom Italia’s service arm – sources
CVC Capital Partners and rival private equity investors are looking at a potential investment into the services arm of Telecom Italia (TIM) under a planned reorganisation of Italy’s former phone monopoly, sources...
Telecom Italia to start talks with KKR, explore Open Fiber merger
Telecom Italia said on Sunday it would start formal talks with KKR to assess the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer for Italy’s biggest phone group, almost four months after the...
Telecom Italia to decide on KKR approach by mid-March
Telecom Italia (TIM) is expected to make a decision on a 10.8 billion euro ($12.2 billion) takeover proposal from U.S. private equity firm KKR by the middle of next month. The U.S. private equity fund made a non-binding...
Telecom firm Syniverse, SPAC M3-Brigade scrap $2.85 billion merger
Telecom services firm Syniverse Technologies and special purpose acquisition company M3-Brigade Acquisition II Corp have mutually terminated their $2.85 billion merger, the blank-check firm said on Wednesday, amid...
France’s Antin plans to sell Spanish telecom Lyntia, Expansion reports
French infrastructure company Antin plans to put Spanish optic fibre network Lyntia up for sale in mid-January, newspaper Expansion reported on Monday, citing unidentified market sources. Lyntia could be worth up to 4...
DoT moves NCLAT against resolution of Videocon; claims Rs 881.92 cr due from Videocon Telecom
The Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon...
Reliance considering bid for UK telecom firm BT in early talks: Report
Reliance Industries Ltd is considering an offer for British telecom company BT Group Plc, the Economic Times reported on Monday, citing unnamed sources familiar with the matter. Reliance might make an unsolicited offer...
KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News
KKR & Co and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The two private-equity firms...
Telenor, CP Group to merge Thai telecom units in $8.6 bln deal
Norway’s Telenor and Thailand’s Charoen Pokphand Group (CP Group) have agreed to merge their telecom units in Thailand in a deal valued at 282.8 billion baht ($8.6 billion) to create a new market leader in...
KKR makes $12 billion approach to take Telecom Italia private
Telecom Italia (TIM) has received a 10.8 billion euro ($12 billion) approach from U.S. fund KKR aimed at taking Italy’s biggest phone group private, the company said on Sunday. KKR’s move comes as...
Three FIIs jointly acquire 2.64% stake in telecom equipment maker HFCL
Three foreign institutional investors — Vanguard, Quant Mutual Fund and Norges — have collectively acquired 2.64 per cent in telecom gear makers HFCL Ltd. While Vanguard bought 1.86 per cent through four...