KKR still wants TIM, but reportedly drops price
KKR is apparently still interested in acquiring TIM, but has reportedly shaved around a fifth off its original offer price. That may seem like an odd move, given that many inside the Italian incumbent...
View ArticleTIM to finally start takeover talks with KKR
TIM has instructed its chairman and chief exec to begin formal talks with KKR on the proposed takeover deal, but this story is a long way from its conclusion still. The Italian incumbent is still...
View ArticleTIM bids for Italian cloud project as Iliad tears up its mobile market
TIM and its partners have submitted their bid in the tender for Italy’s cloud hub project, and it’s a tender they are likely confident of winning, given that they essentially designed it. Meanwhile,...
View ArticleMore investors line up for a piece of TIM
TIM has received an approach from CVC Capital partners, which is looking to buy into its enterprise services business. At the request of stock market regulator Consob, TIM on Monday confirmed it has...
View ArticleTIM aims to hammer out single network deal this month
Italian operator group TIM has formally agreed to begin talks with CDP with a view to defining the terms of a merger with Open Fiber by the end of April. At this stage, the two companies have simply...
View ArticleTIM CEO upbeat on imminent fibre merger despite delays
The boss of Italian telco TIM will soon broker a deal to merge its fibre network assets with those of rival Open Fiber, but admits it has not been smooth sailing. Pietro Labriola made the comments to...
View ArticleTIM and Open Fiber pick up €3.4 billion in broadband funding
Italian telcos TIM and Open Fiber have won government funding worth a total of €3.4 billion to roll out high-speed fixed broadband to uneconomic areas of the country. Italy’s Ministry for Technological...
View ArticleTIM signs MoU to merge fibre network with Open Fiber
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof. CDP, KKR, Macquarie, Open Fiber and TIM...
View ArticleTIM job cuts could ultimately save a fortune
TIM has reportedly reached agreement with workers unions that will enable it to shed as many as 1,200 jobs, a move that will help it to shave a significant sum from its domestic staffing costs. The...
View ArticleEricsson, TIM and Comau build experimental ‘factory of the future‘
Italian operator TIM, Swedish kit vendor Ericsson and Italian automation/robotics firm Comau promise ‘innovative solutions for Industry 4.0 and smart manufacturing’ thanks to some fresh 5G network...
View ArticleFastweb wins Italian state cloud project but TIM is still in the running
A consortium made up of Fastweb and hosting specialist Aruba has won the tender for the Italian cloud project, but rival bidder TIM still has a chance to match its offer. The announcement from Italy’s...
View ArticleTIM reportedly plans an even split between NetCo and ServCo
It looks like Italian operator group TIM expects its restructure to be close to a 50-50 split of staff and debt into the resulting new companies. The latest bit of incremental news out of TIM comes, as...
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TIM sort of clarifies details of company split
TIM has outlined more detailed plans to split its network operations from its services business, confirming recent reports that around half of its debt will go with the NetCo unit. But the financial...
View ArticleCVC denies new approach for TIM Enterprise, but bids will come
Private equity firm CVC Capital Partners has dismissed media reports that it has made an increased offer for TIM’s enterprise business. CVC “denies that a second offer has been presented for the...
View ArticleTIM bats away rumours its network head is leaving over ‘disagreements’
Italian telco TIM released a statement following rumours that its Chief Infrastructure Officer Stefano Siragusa is about to exit the firm due to disagreements. Rumours have been flying around over the...
View ArticleTIM confirms its network head is in fact leaving
Having made a statement earlier in the week insisting network chief Stefano Siragusa was not leaving over internal disagreements, Italian operator TIM has announced today he is leaving ‘by mutual...
View ArticleTIM’s future on hold until Italian elections and possibly beyond
Italian operator group TIM will have to wait longer for some clarity on its future, with any major moves likely on hold until after the country’s general election later this month. This state of flux...
View ArticleTIM jumps aboard the European Green Digital Coalition
Italian operator TIM has thrown its hat into the ring with the European Green Digital Coalition, which purports to have the aim of ‘harnessing the potential of digital solutions to enable the green...
View ArticleCDP readies TIM bid but valuation still an issue
With the Italian election now over, Cassa Depositi e Prestiti (CDP) is putting together an offer for TIM’s fixed network assets that will land in the next couple of weeks. The Italian state lender is...
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