Vivendi has made it official that it will separate its telecom unit from its growing media and content activities and has named Vincent Bollore as its new chairman.
The suggestion that a more powerful Verizon Wireless could lead to the demise of FiOS--as first suggested in a FierceIPTV commentary--gained some market cred this week with members of the financial community.
French media and telecom giant Vivendi, already in the process of trimming businesses that are not core to its entertainment media business, could eventually trim the telecom part of its portfolio, an executive with the firm suggested during a conference call with analysts, according to The Hollywood Reporter.
Telecom Italia's main wireline competitors Vodafone Italia, Fastweb and Wind said they were surprised by the incumbent telco's decision to not proceed with the spinoff its wireline network because of Agcom's decision to lower wholesale local loop unbundling prices.
Telecom Italia is delaying plans to spin off its wireline network, a decision that drove its shares down 3.4 percent to €0.49 (64 cents) in Tuesday morning trading.
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