TelecomItalia

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.

Telecom Italia's CEO Doubles Down on Ambitious Turnaround Strategy Amidst Challenges

2 months ago

In a decisive move, Telecom Italia's CEO has reaffirmed his commitment to an extensive restructuring plan aimed at revitalizing the telecom giant amid ongoing challenges. This announcement comes as the company grapples with financial pressures and fierce market competition. The CEO’s dedication to this turnaround strategy indicates a determination to restore profitability and competitive edge in the rapidly evolving telecommunications landscape.

Telecom Italia Takes Strategic Step: CEO Authorized to Explore Sale of Sparkle

3 months ago

In a significant development, the board of Telecom Italia has empowered Chief Executive Officer Pietro Labriola to negotiate an offer for its submarine cable business, Sparkle. The decision has assumed significance as it came when Telecom Italia was streamlining its operations and divesting the businesses that were not core to the company.

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.

Italy's Asterion to Submit Formal Offer for Telecom Italia's Sparkle Unit: A Groundbreaking Move in the Telecom Industry

3 months ago

The key factor that has happened in the telecom space is that Italy's Asterion is going to take a formal offer to Telecom Italia over its Sparkle unit, which is considered as a strategic move to expand its presence in the crucial market of telecommunications. Sparkle is a part of Telecom Italia and happens to be an international operator specializing in high-speed data and voice services around the world. The deal could represent a radical shift in the competitive landscape in the industry.