Telecom Italia's move to spin off its wireline last mile network may enable it to raise money to invest in new network services and hasten broadband rollouts in the country, an analyst said.
Telecom Italia is seeking the help of Morgan Stanley on finding the best method to spin off its wireline network in an effort to raise more capital for the company and fund its FTTx projects.
Telecom Italia COO Marco Patuano said on Friday that spinning out wireline network is an "interesting" idea, while confirming that it is conducting discussions with a state-backed financing body to collaborate on new broadband projects.
NTELOS ( Nasdaq: NTLS ) has officially spun off its wireline business , which will now be known Lumos Networks, so it can exclusively focus its attention on being a wireless-only service provider. Lumos
As NTELOS ( Nasdaq: NTLS ) prepares to spin off its wireline division as a separate company, which will be called Lumos Networks , it has entered into a $370 million post-separation credit facility for