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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Italy's FiberCop eyes some 12 bln euro investments in new plan

Italy's FiberCop eyes some 12 bln euro investments in new plan CERNOBBIO, Italy, Oct 15 (Reuters) - FiberCop, the wholesale-only telecoms network operator controlled by KKR KKR.N plans to earmark investments of 12 billion euros ($13.09 billion) in its upcoming five-year business plan, Chief Executive Luigi Ferraris said on Tuesday. "We are a working on a five-year plan including investments of about 12 billion euros", Ferraris said on the sidelines of an event on the Como Lake.
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Fastweb-Vodafone tie-up not enough to rationalise Italy's telcos market, TIM CEO says

BRIEF-Fastweb-Vodafone tie-up not enough to rationalise Italy's telcos market, TIM CEO says Oct 15 (Reuters) - Telecom Italia CEO Pietro Labriola says at "Como Lake 2024" conference: TELECOM ITALIA CEO: FASTWEB-VODAFONE TIE-UP NOT ENOUGH TO RATIONALISE THE ITALIAN TELECOMS MARKET Further company coverage: TLTI.MI SCMN.S Reporting by Milan Newsroom
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Italy to test Starlink satellites to boost internet penetration

UPDATE 1-Italy to test Starlink satellites to boost internet penetration Adds details on Italy's rollout plan in paragraphs 7-8, Starlink in paragraph 10 MILAN, Oct 15 (Reuters) - Italy is preparing to test the use of satellites produced by Elon Musk's Starlink to offer internet connection services in some remote areas of the country, a government official was quoted as saying on Tuesday.
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Italy to test Starlink satellites to boost internet penetration, official says

Italy to test Starlink satellites to boost internet penetration, official says MILAN, Oct 15 (Reuters) - Italy is preparing to test the use of satellites produced by Elon Musk's Starlink to offer internet connection services in some remote areas of the country, a government official was quoted as saying on Tuesday. The Starlink project was being discussed with some regional administrations, Undersecretary to the Prime Minister's Office Alessio Butti said in an interview with Il Sole 24 Ore daily
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Italy - Factors to watch on October 15

Italy - Factors to watch on October 15 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Prime Minister Giorgia Meloni will hold a cabinet meeting on the budget plan (1800 GMT) Bank of Italy releases August data on public finances, state borrowing and debt.
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Salvini liquida investimenti azionari, li riducono Rocella e Abodi

Salvini liquida investimenti azionari, li riducono Rocella e Abodi ROMA, Oct 11 (Reuters) - Il ministro delle Infrastrutture e dei Trasporti Matteo Salvini ha liquidato i suoi investimenti azionari, secondo la documentazione patrimoniale trasmessa al Parlamento. Lo scorso agosto il leader leghista ha dichiarato di avere liquidato 3.500 azioni di A2A A2.MI , 392 di Enel ENEI.MI e 250 di Acea ACE.MI , che risultavano dalla dichiarazione del dicembre 2022. Stando sempre alla documentazione parlamen
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Italy - Factors to watch on October 11

Italy - Factors to watch on October 11 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Israeli forces have acted illegally by shooting at positions used by U.N.
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Italy - Factors to watch on October 7

Italy - Factors to watch on October 7 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy plans to raise taxes on large companies such as e-commerce groups as it looks for ways to collect additional cash for state finances, a Treasury official said on Friday.
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Telecom Italia sets Nov. 30 deadline in talks over subsea cable unit sale

Telecom Italia sets Nov. 30 deadline in talks over subsea cable unit sale MILAN, Oct 4 (Reuters) - Telecom Italia (TIM) TLIT.MI said on Friday it entered exclusive talks with Italy's Treasury and its partner Asterion to negotiate a binding offer for the telecoms group's subsea cable unit Sparkle by Nov. 30. Directors mandated TIM Chief Executive Officer Pietro Labriola to start talks with the Treasury-led consortium, the company said in a statement after a board meeting.
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Italy - Factors to watch on October 4

Italy - Factors to watch on October 4 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases Q2 deficit/GDP ratio data (0800 GMT) and August retail sales data (1000 GMT).
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Telecom Italia board to meet Friday over bid for Sparkle unit, sources say

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say MILAN, Oct 3 (Reuters) - Telecom Italia (TIM) TLIT.MI will hold a board meeting on Friday over a 700 million euro ($772 million) non-binding bid the telecoms group has received for its Sparkle subsea cable unit, two sources told Reuters on Thursday. On Wednesday, Italy's Treasury and Spanish fund Asterion submitted a joint bid for Sparkle.
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Italy aims for just one fiber network firm to operate in country, Trsy official says

Italy aims for just one fiber network firm to operate in country, Trsy official says ROME, Oct 3 (Reuters) - Italy is aiming to have just one fiber network company operating in the country, a top Treasury official said on Thursday. Marcello Sala, in charge of managing policies for state-controlled firms, was asked at a Bloomberg event in Milan about the logic behind the Treasury's purchase this year, in a consortium led by U.S fund KKR KKR.N , of a stake in Telecom Italia's TLIT.MI fixed access
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Italy - Factors to watch on October 3

Italy - Factors to watch on October 3 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Group of Seven (G7) leaders expressed "strong concern" on Wednesday over the crisis in the Middle East but said a diplomatic solution was still viable and a region-wide conflict was in no one's interest,
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Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit

UPDATE 1-Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit Adds details on value of previous offer ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle.
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Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund

BRIEF-Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund Oct 2 (Reuters) - KKR & Co Inc KKR.N : HAS RECEIVED FROM ITALY'S MINISTRY OF ECONOMY AND FINANCE, RETELIT, SUBSIDIARY OF ASTERION FUND, A NON-BINDING OFFER FOR PURCHASE OF SPARKLE PROPOSAL RECOGNIZES ENTERPRISE VALUE OF €700 MIL
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ITALY'S ECONOMY MINISTRY AND ASTERION OFFER VALUES TIM'S SPARKLE AT 700 MILLION EUROS, EXPIRES ON OCT. 15

Italy, Spain's Asterion table 700 mln euro bid for Telecom Italia sub-sea cable unit ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle. The ministry is bidding together with Retelit, an Italian fibre network operator owned by Asterion.
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Italy - Factors to watch on September 30

Italy - Factors to watch on September 30 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy's public debt will only start falling as a proportion of economic output from 2027 despite a more positive trend in addressing its significant budget deficit, the Treasury said in its multi-year fi
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Telecom Italia CEO confident about sale of subsea unit

Telecom Italia CEO confident about sale of subsea unit TURIN, Sept 27 (Reuters) - Telecom Italia (TIM) TLIT.MI is confident about a planned sale of its submarine cable unit Sparkle, the head of the telecoms group said on Friday. TIM is looking to sell the unit to a Treasury-led consortium but an offer has not materialised yet. "I remain confident", Chief Executive Pietro Labriola told reporters on the sidelines of an event in Turin.
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Italy - Factors to watch on September 27

Italy - Factors to watch on September 27 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy is targeting 1% economic growth this year and 1.2% in 2025 and has revised down its deficit goals as a proportion of gross domestic product (GDP) for both this year and next, sources said ahead of
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