Infostrada gets a speedy start in Italy: phone-service subscriptions beat expectations

Article Abstract:

Italian telecommunications company Infostrada S.p.A. is closing in on the competition, having acquired its one millionth customer. The company's primary rivals in the fight for market share are Telecom Italia and Wind Telecommunicazioni S.p.A. With sales growing 125% last year, Infostrada hopes to maintain its place in the market through involvement in both fixed and mobile communications, as well as the introduction of new iternet services.

United States, Strategy & planning, Sales, profits & dividends, Telephone Communication, Management, Infostrada S.p.A.

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Telecom Italia's chief surrenders reins

Article Abstract:

Franco Bernabe, the chief executive officer of Telecom Italia, has resigned from his post. Mr. Bernabe's resignation opens the way for Olivetti SpA's proposed acquisition of Telecom Italia. On May 21, 1999, Olivetti acquired a 52% share of Telecom Italia. Along with Mr. Bernabe, the majority of Telecom Italia's board resigned. Telecom Italia is a former state monopoly.

Comment:

Telecom CEO Franco Bernabe resigns; move opens way for Olivetti's acquisition of Telecom

Asset sales & divestitures, Acquisitions & mergers, Office & Computing Machines, Executive changes & profiles, Office equipment, Officials and employees, Office equipment and supplies industry, Office equipment industry, Mergers, acquisitions and divestments, Telecommunications services industry, Appointments, resignations and dismissals, Telecom Italia S.p.A., Olivetti S.p.A.

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