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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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July 1, 2015
11:37 EDTTIVivendi reports 14.9% stake in Telecom Italia
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June 30, 2015
07:45 EDTTIEU agrees to enact 'net neutrality' law, WSJ reports
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June 25, 2015
17:55 EDTTIVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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June 24, 2015
15:41 EDTTIVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.
June 22, 2015
06:42 EDTTIVivendi expected to raise Telecom Italia stake to 14.9%, Reuters reports
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