Telecom Italia S.P.A.NYSE
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  • Sep. 9, 2015, 11:34 AM
    | Sep. 9, 2015, 11:34 AM
  • Jun. 16, 2015, 2:05 PM
    • Vivendi (OTCPK:VIVHY), already taking on an 8% stake in Telecom Italia (NYSE:TI) via Telefonica (NYSE:TEF), is looking at boosting its position in TI to as much as 15% as soon as next month.
    • Vivendi Chairman Vincent Bolloré is looking to trade on Italian connections to aid an expansion there. The company may raise its stake in TI to 10-15%; a 15% holding would be valued about €3B ($3.4B).
    • Bolloré's plans for Vivendi have been ripe for speculation since he set a plan in motion to divest telecom assets and focus on media. He fought off an activist threat earlier this year led by P. Schoenfeld, which pressed for a sale of Universal Music Group and a €9B special dividend.
    • In U.S. trading, Vivendi is down 0.6%, while Telecom Italia is up 0.3% after being down nearly 3% most all morning.
    | Jun. 16, 2015, 2:05 PM
  • May 20, 2015, 6:52 PM
    • With Vivendi (OTCPK:VIVHY +1.8%) set to become the largest shareholder in Telecom Italia (NYSE:TI), TI's chairman has told shareholders he's welcoming foreign investment.
    • "We reject the logic that foreign investments in Telecom Italia are dangerous; whoever brings capital and know-how contributes to make our company stronger, regardless of whether the investor is Italian or a foreigner," said Giuseppe Recchi.
    • After Vivendi completes the sale of Brazilian unit GVT to Telefonica (NYSE:TEF), it will obtain an 8.3% stake in TI, which -- after investment vehicle Telco (Telefonica and three Italian finance partners) sells its 22% stake -- will make it the biggest shareholder. But Vivendi's CEO says it's not getting back into telecoms and that the investment is opportunistic.
    • "Pending ownership developments, the relationship with (Vivendi Chairman Vincent) Bollore today is that with a big media company," says TI CEO Marco Patuano.
    • TI is also headed for a change to the shareholder base, approving rules that will give directors from its main investor group just two-thirds of the board rather than four-fifths.
    | May 20, 2015, 6:52 PM
  • Aug. 29, 2014, 6:54 AM
    • Telefonica (NYSE:TEF) has announced that it expects to acquire Vivendi's (OTCPK:VIVHY) Brazilian wireline carrier GVT by mid-2015.
    • The news comes after Vivendi chose to enter into exclusive talks with Telefonica.
    | Aug. 29, 2014, 6:54 AM
  • Dec. 31, 2012, 6:00 PM

    The latest stats show mobile data traffic growth isn't slowing down in developed countries, observes Tero Kuittinen: booming sales of tablets and large-screen Android phones seem to be responsible. It might be just a matter of time before all this traffic forces carriers to raise their capex - there are some signs it's already happening. That's good news for the likes of Ericsson (ERIC), Procera (PKT), and Ruckus Wireless (RKUS), but less so for European telcos struggling with giant debt loads and declining voice/text revenue.

    | Dec. 31, 2012, 6:00 PM