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Telecom Italia Seeks To Divest $21.5B Landline Network To Cut Down On Debt, Commence Fiber Launch

Telecom Italia Seeks To Divest $21.5B Landline Network To Cut Down On Debt, Commence Fiber Launch

意大利电信寻求剥离215亿美元的固话网络以削减债务,开始光纤推出
Benzinga Real-time News ·  2022/05/31 06:20
  • Telecom Italia S.p.A. (OTC:TIAIY) sought an enterprise value of €20 billion ($21.5 billion) for the landline network, Bloomberg reports.
  • Telecom Italia CEO Pietro Labriola looks to sell the landline network to Italy's state lender and a group of international funds to cut its multi-billion-dollar debt pile and initiate a fiber rollout for Italy that lags far behind its European peers.
  • Labriola also aims to spin the company's commercial services off into a separate unit.
  • Telecom Italia looks to sell off the entirety of its network to shift control of the asset to the Italian state.
  • Telecom Italia reached a preliminary, non-binding accord with state lender Cassa Depositi e Prestiti SpA.
  • The accord includes Open Fiber and Teemco, controlled by KKR & Co Inc (NYSE:KKR), which owns a stake in Telecom Italia's FiberCop SpA fiber unit. 
  • Telecom Italia has an enterprise value of €36 billion, with total debt of €30 billion.
  • Price Action: TIAIY closed higher by 0.34% at $2.97 on Friday.
  • Photo Via Company
  • 意大利电信公司据彭博社报道,(场外交易代码:TIAIY)为固话网络寻求200亿欧元(215亿美元)的企业价值。
  • 意大利电信首席执行官Pietro Labriola希望将固定电话网络出售给意大利国家贷款机构和一批国际基金,以削减数十亿美元的债务,并为意大利启动远远落后于欧洲同行的光纤铺设。
  • Labriola还计划将公司的商业服务剥离到一个独立的部门。
  • 意大利电信希望出售其整个网络,以将资产的控制权移交给意大利政府。
  • 意大利电信与国有贷款机构Cassa Depositi e Prestiti SpA达成了一项初步的、不具约束力的协议。
  • 该协议包括Open Fibre和TEEMCO,由KKR&Co Inc.(纽约证券交易所股票代码:KKR),后者拥有意大利电信旗下FiberCop spa光纤部门的股份。
  • 意大利电信的企业价值为360亿欧元,总债务为300亿欧元。
  • 价格行动:TIAIY周五收高0.34%,报2.97美元。
  • 照片通过公司
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