Telecom Italia is strong and trustworthy- company’s CEO

On 03.05.10, In Mobile, By Editor

www.WirelessFederation.com/news: Reassuring the company’s strength and trustworthiness, a letter has been issued to the employees of Telecom Italia SpA, by its Chief Executive Franco Bernabe in which he has expressed his deep trouble regarding the probe started against its cable unit TI Sparkle.

TI Sparkle has been alleged for tax fraud and money laundering. It has been alleged by the prosecutors that fictitious international phone service purchases and sales worth more than EUR2 billion between 2003 and 2006 had been used to launder the money. It has also been alleged that the entire laundering and fraud was carried out with the knowledge of top executives at Telecom Italia’s Sparkle and at rival Fastweb SpA.

Any wrongdoings have been denied by the companies which have claimed that they are the victims of the fraud.
According to Bernabe, the company and all its employees have to feel strengthened by the belief that if something wrong happened in the past it won’t ever happen again in the future.

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Telefonica to raise stake in China Unicom

On 02.08.10, In Mobile, By Editor

www.WirelessFederation.com/news: Telefonica SA has revealed that it wants raise its current stake of 8.37% in China Unicom (Hong Kong) Ltd. According to Telefonica Chairman Cesar Alierta, the synergies with Telecom Italia SpA are working out very well, and that the company is satisfied with the current situation.

Earlier it was reported that Telefonica was planning to bid for Telecom Italia, in which it now only holds an indirect minority stake.

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Telecom Italia proposal yet not received: Italy PM

On 02.05.10, In Mobile, By Editor

www.WirelessFederation.com/news: Italian Prime Minister Silvio Berlusconi has not yet received any proposal or plan regarding the proposed merger of Italy’s largest phone operator Telecom Italia SpA and Spain’s Telefonica SA. According to Silvio Berlusconi, his government believes in a free market economy.

The Italian government has denied any involvement in a merger plan with Telefonica; besides making it clear that it had no contacts or meetings on the issue and hasn’t stipulated any condition for a possible tie-up.

According to Italian Minister for Parliamentary Relations Elio Vito, the Italian government would support the creation of an “ad hoc company” to include Telecom Italia’s fixed-line network which is considered a strategic asset for the country with the participation of all the main operators

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Telecom Argentina antitrust case halted by Argentina court

On 02.03.10, In Mobile, By Editor

www.WirelessFederation.com/news: Antitrust Commission ruling that Spain’s Telefonica SA’s ownership stake in Telecom Italia SpA violated the country’s competition laws has been thrown out by an Argentine court which in turn ruled that the CNDC, doesn’t have the right to order Telecom Italia to sell its shares in Telecom Argentina.

According to the decision, a federal court for the defense of competition must be formed to rule on the issue and it also feels that it’s truly a legal scandal that the law, passed in September 1999, that is over ten years ago, has not been complied with because of a delay from the executive power.

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Telecom Italia’s nationalization not on cards- Argentina govt

On 02.02.10, In Mobile, By Editor

www.WirelessFederation.com/news: Argentina government has made it clear that there are no plans to nationalize Telecom Argentina SA but will do whatever is necessary to force agreement with an antitrust commission order to end a monopoly in the local telecommunication sector.

According to Cabinet Chief Anibal Fernandez, the goal was never to nationalize Telecom, but to make sure that Telefonica complies with the order to sell the stake that it has to sell, like in any part of the world when there’s a monopoly.

Telecom Italia SPA has been ordered by Argentina’s antitrust commission, the CNDC, to sell its stake in Telecom Argentina, saying the local telecommunications market became a monopoly after Spain’s Telefonica SA bought a minority stake in Telecom Italia. On the contrary, Telecom Italia fought hard against the order and obtained a lower court ruling suspending the August 25 deadline of CNDC to sell the stake.

Later, European telecommunications lobby group ETNO urged the European Commission to intervene in the dispute and currently, U.S. Securities and Exchange Commission is also investigating the forced sale.

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All-in-one multimedia broadband unveiled by Telecom Italia

On 12.17.09, In Mobile, By Editor

www.WirelessFederation.com/news: CuboVision, an all-in-one multimedia broadband device, providing home TV access to digital terrestrial TV channels, Web TV and pay-per-view films has been unveiled by Telecom Italia SpA. The new device will also allow the users to organize personal content such as photos, videos and music.

Initially, CuboVision will be available in a few flagship stores for EUR199 and the aim is to sell 300,000 and 400,000 sets in 2010.

CuboVision connects to TV aerials and to any type of high-speed broadband line, bringing to home TVs all unencrypted digital terrestrial television content. Besides, it will also provide information services from the Internet, leading Web TV stations and access to on-demand video.

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MTN plans R7,1bn in capital expenditure (South Africa)

On 07.29.08, In Mobile, By Editor

To increase the network capacity and coverage MTN is planning to spend R7, 1bn this year. Comparing the South African operations last year the spending is roughly double the amount invested. The plans centre on laying fibreoptic cables in urban areas of Gauteng and laying another 5000km of lines to create a national backbone. That will end its reliance on leasing lines from Telkom for its network backbone.

Tim Lowry (MTN, South Africa,MD) said it would lay the cables in conjunction with another operator to save them both money and minimise the disruption to traffic as roads are dug up. “We are building strong capacity, which will allow us to do multiple things in the future,” Lowry said. The capacity needed to carry voice calls was very predictable, he added, but when data transmissions were involved far more capacity was needed.
(more…)

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