Latest news with #TelecomItaliaSpA
Bloomberg
31-03-2025
- Business
- Bloomberg
Poste Italiane Now Runs Telecom Italia, and Deals Could Follow
After a decade under French control, Telecom Italia SpA now has an Italian state-backed group as its top investor — and it's one that wants to foster mergers and acquisitions in the telecoms market. Postal service Poste Italiane SpA this weekend became the phone company's biggest shareholder with a holding of nearly 25%, after purchasing the majority of a stake held by French media conglomerate Vivendi SE. Poste says the deal will support industry consolidation.
Bloomberg
29-03-2025
- Business
- Bloomberg
Italy's Poste Raises Telecom Italia Stake to Nearly 25%
Italy's state-run postal service raised its stake in Telecom Italia SpA to almost 25%, overtaking Vivendi SE as the phone carrier's biggest investor. Poste Italiane, which has owned about 10% of Telecom Italia, purchased an additional holding of 15% from Vivendi for €684 million, according to a statement. The deal allows Poste to stay below a threshold that would trigger a mandatory takeover offer under Italian regulations.
Bloomberg
28-03-2025
- Business
- Bloomberg
Poste Aims to Raise Telecom Italia Stake to Nearly 25%
Italy's state-run postal service is planning to raise its stake in Telecom Italia SpA to nearly 25% in a bid to become the phone carrier's largest investor, replacing French conglomerate Vivendi SE, according to people familiar with the matter. Poste Italiane SpA, which currently owns about 10% of Telecom Italia, aims to buy an additional holding of as much as 15% from Vivendi, the people said. Vivendi may retain a small stake in Telecom Italia after any deal, according to the people, who asked not to be identified as the matter is private.
Bloomberg
23-03-2025
- Business
- Bloomberg
Telecom Italia in Talks to Amend Loan Facility, Messaggero Says
Telecom Italia SpA is in negotiations with a group of lenders over the amendment of a loan facility of as much as €3 billion ($3.25 billion), newspaper Il Messaggero reported on Sunday. The Italian carrier has mandated Credit Agricole, Intesa Sanpaolo, and UniCredit as global coordinators and bookrunners to help manage amendments to a €4 billion revolving credit facility maturing in 2026, Il Messaggero said, citing bank documents. The company aims to reduce the RCF to €3 billion, reprice it and extend it to 2030, according to the newspaper.
Bloomberg
21-03-2025
- Business
- Bloomberg
Vivendi Cuts Telecom Italia Stake, Starting Long-Planned Exit
France's Vivendi SE cut its stake in Telecom Italia SpA, marking the beginning of a long-planned exit. The French conglomerate, controlled by the billionaire Bolloré family, reduced its holding of Telecom Italia ordinary shares to about 18%, according to a late statement Friday. It previously held 24% as of Sept. 30, according to the Italian carrier's website.
