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Stock Market & Financial Investment News

News Breaks
January 17, 2013
07:46 EDTTITelecom Italia fails to attract higher bids, Reuters reports
Telecom Italia (TI) was unable to attract higher bids for its majority stake in the unprofitable Telecom Italia Media TV unit, sources say, as the possibility of a sale diminishes, reports Reuters. Two bidders, private equity fund Clessidra and media firm Cairo, didn't increase their offers, sources say. Reference Link
News For TI From The Last 14 Days
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October 14, 2014
09:51 EDTTITelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link

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