DebtReduction

Telecom Italia Closes In on Debt Reduction Goals Following Positive Earnings Report

1 month ago

Telecom Italia has taken significant strides toward its financial stabilization as the company reported earnings that not only met but slightly exceeded analysts' expectations. This development has sparked optimism regarding its ongoing efforts to reduce its substantial debt burden, which has been a focal point of concern for the telecommunications giant in recent years.

Atos Secures Court Approval for Debt Restructuring Plan, Paving the Way for New Management

2 months ago

In a significant development for the beleaguered IT services giant Atos, a French court has granted approval for a comprehensive debt restructuring plan. This pivotal decision comes as part of the company's ongoing efforts to stabilize its financial footing amidst mounting pressures from creditors.

Italy's Asterion Makes a New Bid for Telecom Italia's Subsea Cable Unit

3 months ago

Italian Asterion Industrial Partners has revived its bid for Telecom Italia's subsea cable unit, seeking to buy a strategic business underpinning global internet infrastructure. Backed by US asset manager Fidelity, the bidder has been determined to build an important portfolio in the vital subsea cables industry.