Telecom Italia shareholder Generali sold the bulk of its stake in the operator on the open market around the time that French media group Vivendi confirmed it would become the former incumbent's largest shareholder in place of Telefónica.
France-based Vivendi became the largest shareholder in Telecom Italia after purchasing a total stake of 14.9 per cent, replacing long-term investor Telefónica.
Kumu Networks, a startup that was founded around 2012 by a team of Stanford University professors and Ph.D graduates, is gaining momentum, with operator trials moving from the lab to the field.
German regulator Bundesnetzagentur revealed that bids in the country's auction of frequencies for mobile network operators are nearing €3.5 billion ($3.9 billion billion) so far, easily beating the reserve price placed on the sale.
Telefónica finally completed the 100 per cent acquisition of fixed-line operator GVT from Vivendi, saying it has now become the largest integrated telecommunications company in Brazil in terms of both revenue and customers with over 105 million subscriptions.
Telefónica claims to have launched the "quintuple-play" era in Spain with the announcement of a home security service based on machine-to-machine (M2M) communications that can be added to the company's existing "quad-play" and home broadband plans.
Orange said Spanish market authorities have given it the green light to make an offer for 100 per cent of the shares in Jazztel, meaning that the way is now clear for the France-based company to pursue its proposed €3.4 billion ($3.7 billion) acquisition of the fixed broadband provider.
Germany is preparing for its next major spectrum auction, with the final bidding amount expected to come close to the €4.4 billion raised in the last auction in 2010, according to analysts.
Telecom Italia reportedly plans to raise €960 million ($1.1 billion) from the sale of a 40 per cent stake in its mobile tower unit via an initial public offering (IPO), increasing the targeted amount from around €730 million.
Telefónica committed $200 million (€175 million) to the formation of an investment platform that it said will help drive the creation and supply of new products and services for its customers in Europe and Latin America.