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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

意大利電信尋求剝離215億美元的固話網絡以削減債務,開始光纖推出
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
  • 意大利電信公司據彭博社報道,(場外交易代碼:TIAIY)為固話網絡尋求200億歐元(215億美元)的企業價值。
  • 意大利電信首席執行官Pietro Labriola希望將固定電話網絡出售給意大利國家貸款機構和一批國際基金,以削減數十億美元的債務,併為意大利啟動遠遠落後於歐洲同行的光纖鋪設。
  • Labriola還計劃將公司的商業服務剝離到一個獨立的部門。
  • 意大利電信希望出售其整個網絡,以將資產的控制權移交給意大利政府。
  • 意大利電信與國有貸款機構Cassa Depositi e Prestiti SpA達成了一項初步的、不具約束力的協議。
  • 該協議包括Open Fibre和TEEMCO,由KKR&Co Inc.(紐約證券交易所股票代碼:KKR),後者擁有意大利電信旗下FiberCop spa光纖部門的股份。
  • 意大利電信的企業價值為360億歐元,總債務為300億歐元。
  • 價格行動:TIAIY週五收高0.34%,報2.97美元。
  • 照片通過公司
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