Infostrada, Albacom sign pacts with Telecom Italia

Article Abstract:

Infostrada and Albacom, two of Italy's new fixed-line telecommunications operators, have signed separate interconnection deals with Telecom Italia SpA. The agreements would allow for full competition in the country's fixed-line telecommunications market by the end of June 1998. The deals also anticipate the publication of a decree that is expected to require Telecom Italia to reduce its interconnection fees for rivals who need to use its network. Currently, Telecom Italia's fees are almost 40% higher than the highest price recommended by the European Commission in January 1998. Infostrada is a joint venture between Olivetti SpA and Mannesmann AG, while Albacom is a joint venture between Mediaset SpA, British Telecommunications PLC, ENI SpA and Banca Nazionale del Lavoro.

Comment:

Signs separate interconnection deals w/ Infostrada and Albacom, allowing for full competition in Italy's fixed-line telecom mkt

Contracts & orders received, Facilities & equipment, Communications, Broadcasting and Telecommunications, Infostrada, Albacom, Article

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Deutsche Bank unit settles charges

Article Abstract:

Deutsche Bank Securities Inc. is one of several major Wall Street investment firms that has been charged with allegedly manipulating stock research to win business from clients. The U.S. subsidiary of Deutsche Bank AG will pay $87.5 million to resolve its investigation by the Securities and Exchange Commission. Answering similar charges, investment company Thomas Weisel Partners L.L.C. will pay $12.5 million to settle its case. Both firms have held out for more than a year before coming to an agreement with regulators.

United States, Commercial Banks, Legal issues & crime, Investment Banking and Securities Dealing, Foreign operations, Germany, Investment Banking, Financial management, Management dynamics, Investment Funds & Trusts, Security brokers and dealers, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Ethics, Conflict of Interest, Banking industry, Management, Company legal issue, Finance, Investment banks, Discipline, Ethical aspects, Company business management, United States. Securities and Exchange Commission, Conflict of interests (Agency), Commercial arbitration, Investment analysis, Securities analysis, Company financing, Conflicts of interest, Thomas Weisel Partners L.L.C., Subsidiaries, divisions and units, Deutsche Bank AG (Frankfurt, Germany), DB, Deutsche Bank Securities Inc.

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Fund pressures Telecom Italia on savings-share buyback

Article Abstract:

Liverpool Limited Partnership accuses Telecom Italia of violating a savings-share buyback agreement and threatens legal action.

Telecommunications, Telephone Communication, Telecommunications services industry, Stock redemption, Liverpool L.P.

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