Telecom Italia CEO Marco Patuano said a merger of its Brazilian unit with a local operator is not on the agenda for now, but said he does not rule out the possibility of such a move in future. Patuano also made use of a meeting in Brazil to stress that Telecom Italia operates completely independently of its Spanish shareholder Telefónica.
As widely anticipated, Telefónica has initiated measures that will ultimately reduce its stake in Telecom Italia from almost 15 per cent to around 9 per cent once the Telco shareholder pact has been dissolved.
Telefónica is in talks on the sale of its stake in Telecom Italia in an effort to relieve regulatory pressure in Brazil, local newspaper Folha de S.Paulo reported on Friday.
The end is nigh for Telco, the largest shareholder group in Telecom Italia, after its directors approved requests from Italian investors to dissolve the shareholder pact that has existed since 2007.
The decision by three Italian investors in Telecom Italia to exit a shareholder pact that has existed since 2007 will see Telefónica become the largest direct shareholder in the Italian operator with a stake of around 15 per cent, although the demerger process is expected to take several months.
Telecom Italia has synched up with five Italian universities to develop a software-defined networking (SDN) test bed that uses Cisco technologies, reports FierceWireles s Tech.
Telecom Italia is collaborating with five Italian universities on a research test bed for software-defined networking using technology from Cisco.
Telecom Italia said it expects to see a "progressive acceleration" in its recovery this year after the Italian incumbent reported a year-on-year decline of 8.4 per cent in its core profit for the first quarter of 2014. The company is also building up its content play for LTE and has rebranded its Cubovision content as TIMvision.
LONDON--The mobile industry remains some way off from understanding how best to apply Software Defined Networking (SDN), representatives from Telecom Italia Lab and Huawei told the Transport Networks for Mobile Operators trade conference in London on Tuesday.
Telecom Italia confirmed that Marco Patuano will retain his role as CEO of the company, concluding a series of management decisions that also saw the Italian operator usher in a new chairman and put independent directors in charge of the board for the first time.