PhoneCardSmile.Com Logo
E-mail: Password:
Welcome to PhoneCardSmile.com
Phone Card Italy News, Italy Telecom News
Telecom Italia small shareholders propose local network spin off report

Date: 1/28/2008 2:39:53 AM

Telecom Italia SpAs small shareholders have proposed spinning off the groups fixed local access network along with the future fibre optic new generation network the group will build over the next 68 years into a new company, part of which will be listed, Saturdays Il Sole 24 Ore said.

Citing a proposal made by the Telecom Italia small shareholders association (ASATI), the Sole said that under the proposal, Telecom Italia will keep a majority stake in the new company.

The rest would be sold, in equal parts, to the market and to institutional investors, ASATI said.

The new company, which would guarantee equal access to all telecom operators, would have an enterprise value of 1416 bln eur, 8 bln of which would be debt, ASATI said.

The gross margin of the new company would be around 50 pct of sales, it added.

The Sole said Telecom Italia chairman Gabriele Galateri, and possibly its CEO Franco Bernabe, are due to meet the EU telecoms commissioner Viviane Reding on Tuesday.

Other press reports over the weekend said the political crisis under way following the resignation of the centreleft government of Romano Prodi could delay Telecom Italias decision over the future of its network.


** Check out our Italy Phone Cards
Tag Clouds: Calling Card Italy, Phone Cards to Italy, Italy Calling Cards

PhoneCardsmile.com  Phone Card News Stats

Source: http://www.forbes.com/markets/feeds/afx/2008/01/27/afx4578639.html


<-- Back

International Phone Card Search

Calling From United States to:
Search
Phone Card Name (Optional):
Search
Provide Local Access in
Search

Navigation Links:


Live Help!

My Rewards Program






Secured and Verified by:
About SSL Certificates
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Discover, Master, Visa, American Express
Your current IP is: 23.22.97.26

Phone Card Rates
Brazil Phone Card, Brazil Calling Card Flag   Brazil 0.2¢ Canada Phone Card, Canada Calling Card Flag   Canada 0.1¢
China Phone Card, China Calling Card Flag   China 0.1¢ Egypt Phone Card, Egypt Calling Card Flag   Egypt 3.1¢
France Phone Card, France Calling Card Flag   France 0.1¢ Germany phone card, Germany calling card flag   Germany 0.1¢
Iraq Phone Card, Iraq Calling Card Flag   Iraq 1.0¢ india phone card, india calling card flag   India 0.1¢
italy phone card, italy calling card flag   Italy 0.1¢ Japan Phone Card, Japan Calling Card Flag   Japan 0.3¢
Korea South Phone Card, Korea South Calling Card Flag   S. Korea 0.1¢ Mexico Phone Card, Mexico Calling Card Flag   Mexico 0.4¢
Nigeria Phone Card, Nigeria Calling Card Flag   Nigeria 2.7¢ Philippines Phone Card, Philippines Calling Card Flag   Philippines 4.6¢
Russia Phone Card, Russia Calling Card Flag   Russia 0.3¢ Taiwan Phone card, Taiwan Calling Card Flag   Taiwan 0.1¢
South Africa Phone Card, South Africa Calling Card Flag   S. Africa 0.9¢ USA Phone card, USA Calling Card Flag   USA 0.3¢
UK Phone Card, United Kingdom Calling Card Flag   UK 0.1¢ USA Phone card, USA Calling Card Flag   Vietnam 0.8¢
 
Phone Card News
 





















More News...