All Rights Reserved. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Italy’s biggest utility said it had received unsolicited offers for its stake in fiber network company Open Fiber from investment funds but added no sale process has been initiated.Market Digest: BDX, MCHP, PCAR, TSCO, JCI, VLO, WDC, XOM, DLR, CPRIDiscover new investment ideas by accessing unbiased, in-depth investment researchOther OTC - Other OTC Delayed Price. Telecom Italia SpA's shares rose Wednesday after it posted better-than-expected results for the second quarter and raised the prospect of a possible decision on creating a single national broadband network at the end of August. After Brazil's central bank approved the additional funds from CEO Marcelo Kalim and other investors on Wednesday, C6 will operate with 1.24 billion reais in capital. Currency in USD Telecom Italia News . 0.382 0.0073 (1.95%) Upgrade to Real-Time Market Closed . Fastweb, the Italian phone business of Swisscom, on Thursday said Telecom Italia's (TIM) last-mile network project was "sound" and would ensure an upgrade of the copper and fibre grid that connects homes to street cabinets.The founder of Italy's senior coalition party Beppe Grillo called on Rome to ensure a single ultra-fast broadband network is set up swiftly in the country with state lender CDP as the main shareholder in the project.TIM Participacoes, Telefonica Brasil and America Movil's Claro won exclusive rights to negotiate the purchase of Brazilian telecoms firm Oi SA's mobile assets, the companies said in a filing on Friday.Italy is positioning to become an influential shareholder in a tightly regulated broadband operator it plans to create by brokering a merger of Telecom Italia's (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in Italy.Telecom Italia (TIM) has postponed to Aug. 31 a decision on the sale of a minority stake in its last-mile grid to U.S. investment firm KKR on a government request to negotiate a deal with rival Open Fiber.The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters.Brazilian telecoms firm TIM Participacoes SA reported on Wednesday 23.9% drop in second-quarter net income compared with the same period a year ago, after being adjusted for tax credits and other factors.U.S. Follow TIT. Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in … C6 plans to offer more loans to consumers and small companies, besides investing in its online platform and in customer acquisition, Chief Financial Officer Karina Rodrigues said in a statement.Green e-Hydrogen is key to a carbon-free future. ETTelecom.com brings latest telecom italia news, views and updates from all top sources for the Indian Telecom industry. 0.3747-0.004 (-1.06%) Upgrade to Real-Time Market Closed . Follow TIT. Brazilian digital lender C6 Bank's key stakeholders have injected 525 million reais ($96.02 million) in fresh capital, providing fuel for loan growth after it started a partnership with telecoms firm TIM Participacoes SA last month. investment firm KKR has tabled a binding offer for a minority stake of Telecom Italia's (TIM) so-called last-mile grid, two sources familiar with the matter said on Wednesday.Comcast unit SKY, utility A2A and state agency Invitalia are considering investing in an Italian single ultra-fast broadband network, two sources told Reuters, as Rome steps up efforts to close the digital gap with the rest of Europe.Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters.Vodafone, the world's second biggest mobile operator, said on Friday it would list its European mobile masts business, newly named Vantage Towers, in Frankfurt in early 2021.Poste Italiane SpA has reached agreements with Telecom Italia and broadband group Open Fiber to provide high speed fibre optic internet services across Italy, extending its existing mobile offer into fixed line, the Italian post office operator said on Thursday.Shares in Brazilian telecoms firm Oi SA were posting strong gains after it received a higher offer for its mobile unit, driving shares of rivals Telefonica Brasil SA and TIM Participacoes SA sharply down.An Italian administrative court has rejected a request by Telecom Italia to suspend a fine imposed by competition authorities for abusing its position in the broadband market, a court document showed on Tuesday.Huawei Technologies will continue working with Telecom Italia despite being shut out of a recent tender to supply new generation 5G technology, the chairman of the group's Italian unit told a newspaper on Monday.Italy's TIM said its Brazil's unit had presented a binding offer jointly with Telefonica Brasil and Claro for the mobile unit of bankrupt Brazilian carrier Oi Group.Italian utility Enel has received an expression of interest from infrastructure fund Wren House for its stake in broadband network company Open Fiber, two sources said on Monday on condition of anonymity.In an effort to close its digital gap with the rest of Europe, Italy has been pushing for a unified network combining Telecom Italia's (TIM) assets with those of Open Fiber, a wholesale-only operator owned by Enel and state lender Cassa Depositi e Prestiti (CDP).Telecom Italia has asked state lender CDP to invest in its last-mile network to allay Rome's concerns over the planned sale of part of the grid to U.S. firm KKR, two sources close to the matter told Reuters.India's Supreme Court on Friday asked bankrupt telcos like RCom, Aircel, and Videocon Telecommunications to furnish details of companies using thier spectrum.The telecom operator recently said that Idea postpaid customers were migrated to ‘Vodafone Red’ plan.