France Telecom has confirmed it is to sell off property to help reduce its mounting debts. The French teleco admitted it has been in negotiations with a consortium grouping Whitehall investment funds - managed by Goldman Sachs and GE Capital since...
Mageos, a division of Pinault-Printemps-Redoute, will join forces with the French-based Telecom Italia subsidiary, 9 Telecom. Jet Multimedia, a recently purchased Telecom Italia web services division, will pool its know-how of ebusiness, with 9...
Telecom Italia has issued a statement confirming its conditional acceptance of a merger plan with German telco, Deutsche Telekom. Telecom Italia is, however, concerned that the German government - which has a 74 per cent stake in the telco - should...
Thousands of jobs at Telecom Italia look in jeapardy today following reports that the telco plans to axe up to a third of its workforce. Other moves include the absorption of Telecom Italia Mobile and the cutting of pre-tax costs by L1000bn (E516m).
A spokeswoman at Bouygues refused to comment on the nature of the increase in Telecom Italia's stake. Telecom Italia currently holds 19.6 per cent of Bouygues Telecom while Bouygues Group holds 21 per cent.
Olivetti acquired control of Telecom Italia in a hostile takeover bid in May 1999. If fully subscribed, the deal could cut Telecom Italia's debt by around E5bn (£3.2bn), according to the company. The move will open the way for Telecom Italia to...