The chief executive of Telecom Italia has admitted the company may not be able to avoid further credit downgrades.» Read More
MILAN, Nov 7- Italy's largest telecoms operator Telecom Italia launched a mandatory convertible bond worth up to 1.3 billion euros on Thursday and said its full-year results may differ from its targets. Telecom Italia said only that the proceeds would go to "general corporate purposes".
MILAN, Nov 7- Telecom Italia's board members were meeting on Thursday to approve a new plan to help revive its business in their first gathering since Spain's Telefonica struck a deal to tighten its grip on the Italian group.
MILAN, Nov 6- Telecom Italia rebel investor Marco Fossati told an analyst meeting that a partnership with Vivendi's GVT subsidiary in Brazil would help the Italian phone group relaunch its business, two participants at the meeting said on Wednesday.
MADRID/ LONDON/ MILAN, Nov 6- Spain's Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in 2014, multiple sources familiar with the strategy said.
MILAN, Oct 25- Telecom Italia is considering a capital increase and the scrapping of its dividend amongst the options for overhauling its heavily indebted balance sheet, two sources close to the matter said on Friday.
MILAN, Oct 25- Shares in Telecom Italia fell by more than 7 percent on Friday on fears that the board of the heavily indebted group is set to decide to sell more shares and cancel the dividend, traders and investors said.
HONG KONG, Oct 24- Hong Kong shares may start weaker on Thursday, ahead of a preliminary survey of factory activity in China and the Chinese central bank's second of two weekly open market operations for signs of a shift in its monetary policy. China Unicom, Great Wall Motor and Zijin Mining are among companies due to report quarterly earnings later in the day.
*Says relations with America Movil cooperative. The group also said relations with main shareholder America Movil, controlled by billionaire Carlos Slim, remained cooperative.
MADRID, Oct 17- Venezuela's consumer agency has blocked a move by telecoms firm Movistar to raise prices, dealing a blow to Spanish parent Telefonica as it battles to cope with rampant inflation in the South American country.
*Finmeccanica's Ansaldo units seen joining rail group. The plan would involve a state-owned holding company taking large minority stakes in train maker Ansaldo Breda and rail signalling firm Ansaldo STS, which are being sold by defence group Finmeccanica, they said.
ROME, Oct 10- The Italian government offered financial support on Thursday to help rescue Alitalia using the state-owned post office, but said it wanted radical change at the national airline and shareholders to join a life-saving capital increase.
ROME, Oct 10- The Italian government is considering joining a 500- million euro rescue plan for Alitalia after unions warned the national airline risked defaulting within days and creditor Eni threatened to stop supplying fuel.
Letta is loathe to see another national asset fail or sold to a foreign rival without guarantees on jobs- Spain's Telefonica recently did a deal to take over the controlling company behind Telecom Italia- and is seeking another state-controlled firm willing to split a capital increase with shareholders.
NEW YORK/ BRUSSELS, Oct 9- AT&T Inc has been exploring a possible bid for a European carrier such as Vodafone Group Plc, but faces resistance from some investors concerned about the continent's cut-throat competition and complex regulations.
*Telecom Italia, TIM shares rise more than 6 percent. MILAN/ FRANKFURT, Oct 9- Telecom Italia is considering a sale of its 67 percent stake in Brazilian mobile operator TIM Participacoes in a bid to reduce its debt, said a person familiar with the matter on Wednesday.
*Zeinal Bava to be CEO after Portugal Telecom, Oi merger. LISBON, Oct 8- Known as "Zeus" at Portugal Telecom for turning round an ailing firm in an economic crisis, Zeinal Bava will find he is a lesser deity on the global stage as he tries to build an industry champion in the Portuguese-speaking world and beyond.
Alcatel mainly builds and develops telecommunications networks and related equipment for network operators- such as Verizon or AT&T- and other enterprise customers.
*Investors tiptoe back to Italy after steering clear. MILAN, Oct 7- Italy's state investment firm is taking over one of the country's top power companies to prevent yet another part of Italy Inc from falling into foreign hands.
MILAN, Oct 3- Telecom Italia said on Thursday it had picked insider Marco Patuano as chief executive after long-standing executive chairman Franco Bernabe resigned in a strategy clash with core shareholders, paving the way for possible asset sales.
MILAN, Oct 3- Telecom Italia's executive chairman Franco Bernabe resigned on Thursday after losing the support of core shareholders, clearing the way for possible asset sales at the debt-laden former monopoly phone company.