Telecom Italia revives Unisource deal

Article Abstract:

Telecom Italia SpA chairman Gian Mario Rossignolo said that it may revive a traffic-sharing agreement with Unisource NV, a European telecoms consortium. Unisource is a joint venture of the dominant carriers in the Netherlands, Sweden and Switzerland which share business customers with AT&T. The move is reportedly designed to avert a traffic-sharing agreement with Cable & Wireless PLC in favor of a similar deal with AT&T and Unisource. US-based AT&T said recently that it would be open to restarting talks with Telecom Italia. Telecom can not have an alliance with both unless they simply act as a distributor for both partners' services, according to telecom analyst Deborah McCutcheon of London, UK-based Robert Fleming Securities.

Comment:

Traffic-sharing agreement w/ Telecom Italia SpA may be revived

Communications, Broadcasting and Telecommunications, Strategic alliances, Telecommunications industry, Unisource NV

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Treasury is poised to sell Telecom Italia interest

Article Abstract:

Telecom Italia SpA's shares controlled by the Italian Treasury is planned to be sold on the market according to Treasury Minister Carlo Azeglio. However, Azeglio declined to specify the exact date of the sale of the remaining 5% stake that the Treasury owned in Telecom Italia, which was privatized on November 1997. Telecom Italia Chairman Gian Mario Rossignolo, who has been occupying that position since January 1998, was ousted by the company's board after the company saw a significant decline in its share price brought by a series of management setbacks.

Comment:

Its shares controlled by the Italian Treasury is planned to be sold on the market according to Treasury Minister Carlo Azeglio

Asset sales & divestitures, Wired Telecommunications Carriers, Telephone Communications, Telephone services

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Olivetti's shares climb on news of Colaninno buy

Article Abstract:

Olivetti SpA's shares climbed following revelations that 8% of the company has been acquired by CEO Roberto Colannino and a group of investors, which mostly consisted of minor Northeastern Italian businessmen involved in aluminum, utensils, housewares and faucets enterprises. The group of investors, which paid around 1.1 trillion lire to buy 8% of Olivetti, own the stakes through a string of holding companies. Analysts translated the move as an indication of Colannino's confidence in a stronger Olivetti.

Comment:

Its shares climb following revelations that 8% of company is acquired by CEO Roberto Colannino and a group of investors

Office & Computing Machines, Executive changes & profiles, Office equipment, Ing. C. Olivetti e Compagnia S.p.A.

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